Report
Steven Gould

CaixaBank : T2 dans le ton d’un exercice 2019 challenging… il faut voir au-delà !

>Opérationnel : plus rassurant sur les coûts, moins sur les revenus - CaixaBank a publié au T2 2019 un RN supérieur des attentes à 89 M€ (vs consensus : perte nette 23 M€) avec un trimestre essentiellement marqué par la comptabilisation de 0.7 Md€ de charges de restructuration (déjà annoncée par le groupe). La bonne surprise est essentiellement à mettre sur le compte de revenus de trading plus élevés qu’anticipé (213 M€ vs consensus 60 M€) lié à un one-off positif. §r...
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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