Report
Benoit Valleaux ...
  • Steven Gould

Unicaja Banco : T1 2024 solide mais guidance NII inchangée & valorisation tendue

>Opinion Neutre réitérée – OC porté à 1.25 € (vs 1.20 €) - Nous réitérons notre recommandation Neutre avec un objectif de cours porté à 1.25 € (vs 1.20 €). Les chiffres T1 2024 confirment globalement l’orientation favorable de l’opérationnel underlying (top line, coûts CdR) et la solidité bilancielle du groupe. Nous révisions à la hausse nos anticipations de RN (+4% en moyenne sur 2024-26e) afin d’intégrer la trajectoire in fine plus durablement favorable des NII et u...
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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