CaixaBank : Q3 2019 confirms the improvement in fortunes
>Operations: reassuring on the top line AND costs - CaixaBank reported net profit for Q3 2019 14% higher than forecast at € 644m (vs the consensus forecast of € 564m), in a quarter that for once did not include any notable one1eoffs. The positive surprise is attributable to a good overall operating performance (notably in fees and costs).We therefore note in terms of underlying operations: (-) Clearly reassuring momentum in ‘core’ revenues after a mixed H1 wi...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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