Millennium BCP : The (robust) Q3 2024 results and medium-term strategic update suggest further upside!
>Outperform rating maintained – target price raised to € 0.56 (vs € 0.48) - The Q3/9M 2024 results, and more importantly the medium-term strategic update, support our positive call on BCP against the backdrop of 1/ a significant recovery in operations/profitability; and 2/ a notable improvement in shareholder returns (thanks to increasingly comfortable solvency) in the short and medium term. Despite the share’s significant rerating (+64% YTD, +38pp vs sector), we stil...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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