CaixaBank : Q2 in line with a challenging 2019...better to look beyond!
>Operational: more reassuring on costs, less so on revenues - CaixaBank has reported Q2 2019 net profit that beat forecasts at € 89m (vs consensus forecast for a net loss of € 23m) with the quarter primarily marked by a € 0.7bn restructuring charge (already announced by the group). The positive surprise essentially stemmed from higher-than-anticipated trading revenues (€ 213m vs € 60m for the consensus) linked to a positive one-off. The underlying operational per...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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