Unicaja Banco : Excessive share price correction following the publication of Q4 2022 figures
>Outperform rating maintained – target price unchanged at € 1.45 - We remain on Outperform on the stock following the Q4 2022 results publication whilst the underlying operating performance remains favourable (despite once again slightly disappointing NII vs peers) and the reassuring trend in solvency. We are revising up our net profit expectations by 2% on average over the period 2023-2024 (notably to factor in the update of the generally reassuring guidance for 202...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.