Bank Capital/It's getting hot in here

We take a look at the broad developments in euro-denominated AT1 markets. So far this year the tight trading levels have reflected as banks continuing to remain very active in primary markets. With the uncertain geopolitical landscape, we would remain selective on issuers and in terms of bonds.

Bank Brunch/Deutsche Pfandbriefbank warns, Securitization Framework pr...

Deutsche Pfandbriefbank leaves the US, a risk for its credit profile; The Commission's plan to lighten the EU Securitization Framework; Bankinter's new AT1 supports a likelihood of a call for the 6.25%

Bank Brunch/Deutsche Pfandbriefbank warns, Securitization Framework pr...

Deutsche Pfandbriefbank leaves the US, a risk for its credit profile; The Commission's plan to lighten the EU Securitization Framework; Bankinter's new AT1 supports a likelihood of a call for the 6.25%

IBERIAN DAILY 10 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AMPER, ARCELORMITTAL, CAF. All eyes on US-China negotiations The week kicked off without relevant macroeconomic data, with European stock markets sliding slightly except the Ibex that ended with sight gains. In the STOXX 600, the best-performing sectors were Travel&Leisure and Real Estate, whereas defensive industries such as Household and Utilities ended with the biggest drops. On the macro side, the Treasury Secretary S. Bessent and the Trade Secretary H. Lutnick viewed the mee...

IBERIAN DAILY 09 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CAIXABANK, ENCE, FERROVIAL, NATURGY, TELEFÓNICA, VISCOFAN. Stock markets try to climb above highs Despite the absence of good macroeconomic data last week, stock markets ended with gains, fuelled by the US (the S&P500 rose around +1.7%) and by the better employment data at the end of the week. In the STOXX 600, the best-performing sectors last weekk were Technology and Pharma, whereas Autos and Media ended with the biggest drops. On the macro side, in the euro zone, the 1Q’25 GDP ...

INFORME DIARIO 09 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, ENCE, FERROVIAL, NATURGY, TELEFÓNICA, VISCOFAN. Las bolsas siguen intentando superar los máximos A pesar de una semana sin buenos datos macro, las bolsas terminaron al alza con el empuje de EE.UU. donde el S&P 500 subió un +1,1%. En el STOXX 600 los mejores sectores de la semana fueron Tecnología y Farma frente a Autos y Media que fueron los que más cayeron. En la Eurozona el PIB 1T’25 se revisó al alza 0,3 p.p. hasta el 1,5% a/a mientras...

IBERIAN DAILY 03 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, BANKINTER. Trade situation raising doubts European stock markets ended with slight drops, except the IBEX 35, which once again saw gains. Meanwhile, the EC regretted the expected doubling on steel tariffs and would be readying countermeasures on € 95 Bn of imports in addition to the € 21 Bn already announced (but suspended awaiting trade negotiations). In the STOXX 600, the best-performing sectors were Energy (taking advantage of the oil rally) and Insurance, whereas Autos an...

INFORME DIARIO 03 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, BANKINTER. EUROPA: AIRBUS. El tema comercial genera dudas Las bolsas europeas terminaron con leves caídas, con la excepción del Ibex 35 que volvió a desmarcarse con subidas. Mientras, la CE lamentó la duplicación prevista sobre los aranceles sobre el acero, y estaría preparando contramedidas sobre 95.000 M de euros de importaciones adicionales a los 21.000 M de euros ya anunciados (pero suspendidos a la espera de las negociaciones comerciales)....

Bankinter S.A.: 2 directors

Two Directors at Bankinter S.A. sold 7,461 shares at 11.700EUR. The significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 30/04/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 04/30/2025

ENCE: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 186.9 M (-12.5% vs. -14.8% BS(e)); EBITDA: € 34.5 M (-23.2% vs. -25.8% BS(e)); EBIT: € 11.5 M (-38.8% vs. -56.4% BS(e)); Net Profit: € 2.4 M (-69.6% vs. -97.5% BS(e));

Ence : Weak results on low pulp prices and one-off cash cost impacts

ENCE: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 186,9 M euros (-12,5% vs -14,8% BS(e)); EBITDA: 34,5 M euros (-23,2% vs -25,8% BS(e)); EBIT: 11,5 M euros (-38,8% vs -56,4% BS(e)); BDI: 2,4 M euros (-69,6% vs -97,5% BS(e)).

IBERIAN DAILY 30 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABAD...

NEWS SUMMARY: ARCELORMITTAL, CAIXABANK, ENAGÁS, ENCE, NATURGY, REPSOL, SACYR, SANTANDER, VISCOFAN. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’25 results to be released over the coming days in Spain. Stock markets stabilise Mixed performance in European stock markets on the first marathon macro data day this week. In the STOXX 600, most sectors (14/20) closed with gains...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 29/04/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 04/29/2025

Unicaja Banco : A solid start to 2025

Unicaja Banco : Début d’exercice 2025 solide

INFORME DIARIO 29 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’25. PREVIEWS (ANÁLI...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: INDRA, METROVACESA, PUIG BRANDS, SANTANDER, SECTOR SEGUROS, UNICAJA, VISCOFAN. EUROPA: ADIDAS, SCHNEIDER, VOLKSWAGEN. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’25 que se publicarán en España y Europa en los próximos días. El Ibex resiste a pesar del apagón Las bolsas comenzaron la semana con gananci...