Report
Steven Gould

CaixaBank : PF Bankia update: CaixaBank 2.0 well equipped for the end of the crisis!

>Outperform rating reiterated – TP increased to € 3.10 (vs € 2.55) - We carried out a review of our estimates to: 1/ in particular factor in more precisely the impact of the tie-up with Bankia announced in September 2020, which is expected to be completed at the end of the first quarter of 2021; and also 2/ take account of certain adjustments in our approach regarding the group’s operating outlook in the short and medium term. We are now a little less conservativ...
Underlying
CaixaBank SA

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.

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
Steven Gould

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