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Benoit Valleaux ...
  • Steven Gould

CaixaBank : Confirmation de la solidité du groupe au T3 2022 vs valorisation tendue

>Opinion Neutre maintenue – OC porté à 4.3 € (vs 4.2 €) - La publication de CABK au T3 2022 affiche un RN publié supérieur aux attentes à 884 M€ (+13% vs cons) avec une copie de nouveau solide sur l’opérationnel underlying (revenus, coûts, CdR) et un message confiant à CMT malgré le contexte macroéconomique. Notre approche reste positive sur les fondamentaux de CABK, mais nous maintenons notre opinion Neutre essentiellement pour des questions de valorisation (absence ...
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
Benoit Valleaux

Steven Gould

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