Report
Benoit Valleaux ...
  • Steven Gould

Millennium BCP : Q2 2024 confirms operating/balance sheet recovery

>Outperform rating confirmed. Target price raised to € 0.48 (vs € 0.47) - BCP’s Q2/H1 2024 results support our positive stance on the group, with confirmation of the prospect of a significant recovery in underlying operating momentum/profitability in the short to medium term and a substantial strengthening of its solvency (with the possibility of a sizeable improvement in shareholder returns as well). Despite the stock’s strong performance since April (+42% YTD, +20p ...
Underlying
Banco Comercial Portugues S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Steven Gould

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