Millennium BCP : Q3 2022: reassuring underlying operating results again but also impacted by Poland
>Outperform opinion maintained – Target price unchanged at € 0.22 - We reiterate our positive opinion on the stock following the release of Millennium BCP’s Q3 2022 results, as we continue to think the significant recovery momentum in underlying operating results and profitability in the short-to-medium term (confirmed again in this quarter) is not sufficiently priced in today despite continued pressure from litigation on FX loans and the foreseeable impact of the U...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.