CaixaBank : Another mixed operating performance in Q3 but medium-term outlook still favourable
>Outperform rating maintained – target price adjusted to € 3.4 (vs € 3.3) - The Q3 2021 results publication came out better than expected for reported net income (€ 620m including M&A impact vs consensus of € 570m), but still with a mixed showing on the underlying operating performance (disappointment in revenues vs positive surprise on CoR). The raised CoR guidance coupled with the maintained solid balance sheet (asset quality, capital, etc.) are unfortunately oversh...Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.
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.