CaixaBank : Q1 2020 suggests a fairly solid starting point against the COVID-19 crisis
>Flawless underlying operating performance vs anticipation of COVID-19 - CaixaBank reported Q1 2020 revenues of € 90m, well below expectations (consensus € 368m), mainly as a result of additional provisioning in anticipation of the impact of COVID-19 on credit quality (€ 0.4bn). Excluding this one-off, the operating performance (top line, costs and even CoR) is marked quite logically by two distinct periods (January/February broadly without any unpleasant surprises an...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.
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