Report
Benoit Valleaux ...
  • Steven Gould

Unicaja Banco : A solid Q1 2022 while waiting for the next phase

>Outperform rating reiterated – target price of € 1.24 unchanged - We reiterate our positive stance on the share (Outperform) following the publication of the Q1 2022 results but lower our estimates for net income by an average of 6% over the period 2022-2024e (thereby factoring into our estimate at this stage the foreseeable effects of the Ukrainian crisis at the operating level (see our sector flash published end-March). The stock continues to show a relatively attr...
Underlying
Unicaja Banco S.A.

Unicaja Banco SA is a Spain-based financial institution (the Bank) engaged in the banking sector. The Bank offers services to individual and business customers. Its products and services range includes current and savings accounts, debit and credit cards, consumer and commercial loans, real estate credit, securities brokerage, funds management, leasing, factoring, pension plans, life and non-life insurance, international trade financing, money transfer, as well as treasury, among others. The Bank operates a number of branches in Spain and Morocco. The Bank is controlled by Fundacion Bancaria Unicaja.

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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch