Report
Benoit Valleaux ...
  • Steven Gould

Unicaja Banco : Le T2 2024 confirme la perspective (déjà bien pricée) d’amélioration du RoTE

>Opinion Neutre maintenue – OC porté à 1.40 € (vs 1.25 €) - Nous réitérons notre recommandation sur le titre à Neutre avec un objectif de cours porté toutefois à 1.40 € (vs 1.25 €). Les chiffres T2/S1 2024 viennent globalement confirmer la bonne tenue de l’opérationnel underlying (top line, coûts CdR) malgré le tassement logique des NII, ainsi que la solidité bilancielle du groupe. Nous révisons à la hausse nos anticipations de RN (+10% en moyenne sur 2024-26e) afin d...
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

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