CaixaBank : Encouraging year’s end on the key points
>Outperform rating confirmed – target price lifted to € 3.5 (vs € 3.4) - Caixa Bank’s Q4 2021 figures showed lower-than-expected reported net income but, as a result of one-offs (notably with the process of integrating Bankia), largely beat expectations. The numbers are nonetheless relatively solid in terms of the underlying operating performances. The group has (at last) decided to improve its approach in terms of shareholder returns, with a payout ratio of 50% in 20...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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