Millennium BCP : Q1 2023 confirms the positive underlying trend
>Outperform recommendation maintained - Target price raised to € 0.32 (vs € 0.30) - Our positive stance is underpinned by Millennium BCP’s Q1 2023 publication, still considering that the significant momentum for a recovery in operational underlyings and profitability in the short and medium terms (confirmed once again this quarter) is not sufficiently factored into the current share price despite the lasting pressure stemming from the foreign-currency loan litigation ...Banco Comercial Portugues is a privately-owned bank that provides a range of banking activities and financial services in Portugal and abroad, with a focus on commercial banking, corporate and investment banking and asset management and private banking. Co. operates in the following segments: Portugal, which consists of retail banking (including ActivoBank), companies (including companies and corporate and investment banking), asset management and private banking, and non-core business portfolio; and foreign activity, which consists of Poland, Angola, and Mozambique. As of Dec 31 2014, Co. had total assets of Euro76.36 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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