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 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...

Credit Morning 05/13/2025

Cellnex issues € 750m of new 2032 notes|Grifols : Q1 2025 earnings above expectations, FY guidance maintained despite weaker US dollar|90-day truce in the trade war between the United States and China|

Morning Crédit 13/05/2025

Cellnex émet 750 m EUR de nouvelles obligations 2032|Grifols : résultats supérieurs aux attentes au T1 2025, guidance annuelle confirmée malgré la dépréciation du dollar US|Trêve de 90 jours dans la guerre commerciale entre les Etats-Unis et la Chine|

Cellnex (Reduce, €28.5, -15%) Q1 25: Revenue volatility raises new qu...

Cellnex’s reported Q1 results were broadly in line with expectations and all 2025 and 2027 guidance has been reiterated, albeit our estimates remain fractionally below their guidance ranges.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 05/09/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 05/09/2025

Credit Morning 05/09/2025

JLR: a reduction in tariffs on British vehicles|

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 09/05/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 09/05/2025

Morning Crédit 09/05/2025

JLR : une baisse des droits de douane sur les véhicules britanniques|

Cellnex : Mixed set of results; weak headline PoPs additions and FCF s...

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

1Q'25 vs. 1Q'24 Results Sales: € 964.0 M (+1.9% vs. +2.6% BS(e) and +2.6% consensus); EBITDA: € 798.0 M (+2.6% vs. +1.9% BS(e) and +2.8% consensus); Net Profit: € -49.0 M (€ -39.0 M in 1Q'24);

Coffee, Croissants & Credit/Statkraft, Snam, Cellnex

Utilities - Statkraft: 1Q25 results mark further weakening of operating performance; Snam: Strong 1Q25 results – we are positive on the name. Telecom - Cellnex reports solid 1Q25 results

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

1Q'25 vs. 1Q'24 Results Rental Revenues: € 97 M (+1% vs. -0.2% BS(e)); EBITDA: € 74.6 M (+3% vs. -1.0% BS(e));

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

Rdos. 1T'25 vs 1T'24: Ventas: 964,0 M euros (+1,9% vs +2,6% BS(e) y +2,6% consenso); EBITDA: 798,0 M euros (+2,6% vs +1,9% BS(e) y +2,8% consenso); BDI: -49,0 M euros (vs -39,0 M euros en 1T'24).