AMD, CoreWeave, Autos & Semicap in 2026, and more, our Weekly wrap-up.

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the names we followed last week, follow the link.

Credit Morning 11/17/2025

Jaguar Land Rover: Very weak Q2 2025/26 and disappointing new guidance|American Tower and EQT are reportedly weighing a bid on TDF (Bloomberg)|Cerba returns to positive EBITDA growth in Q3 and obtains a € 100m liquidity facility|

Morning Crédit 17/11/2025

Jaguar Land Rover : T2 2025/26 très faible et une nouvelle guidance décevante|American Tower et EQT envisageraient de faire une offre sur TDF (Bloomberg)|Cerba retrouve une croissance positive de l’EBITDA au T3 et obtient une ligne de liquidité de 100 m EUR|

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 17/11/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/17/2025

Allianz : Strong operating profit growth in Q3, FY guidance upgraded

Allianz : Forte croissance du RO au T3, guidance annuelle relevée

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/14/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 14/11/2025

ACCIONA/ACCIONA ENERGÍA: TRADING STATEMENT 3T'25 Y CAMBIO DE P.O. AL A...

Del Trading Statement 3T’25, destacamos los siguientes aspectos:  Energía (66% EV): La producción consolidada asciende a 17,85 TWh (

ALLIANZ: RDOS. 3T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 3T'25 vs 3T'24: Primas: 42.800 M euros (-0,1% vs +5,0% BS(e)); Rdo. Operativo: 4.433 M euros (+12,6% vs +8,9% BS(e) y +9,2% consenso); BDI: 2.855 M euros (+15,5% vs +9,3% BS(e) y +10,3% consenso). Rdos. 9meses'25 vs 9meses'24: Primas: 141.273 M euros (+5,5% vs +7,1% BS(e)), Rdo. Operativo: 13.077 M euros (+10,4% vs +9,1% BS(e) y +9,2% consenso); BDI: 8.119 M euros (+8,8% vs +6,8% BS(e) y +7,1% consenso).

Acciona : Mixed set of news: ANE operating EBITDA guidance down, while...

IBERIAN DAILY 14 NOVEMBER + 3Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...

NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, ACS, AENA, COLONIAL, ELECTRICITY SECTOR, MERLIN, REPSOL, SANTANDER, TALGO. 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 3Q’25 results to be released over the coming days in Spain. Markets see profit taking European stock markets ended up with profit taking in a session that ended worse than it began in a technical movement to digest th...

INFORME DIARIO 14 NOVIEMBRE + RDOS. ESPAÑA 3T’25. PREVIEWS (ANÁLISIS B...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, ACS, AENA, COLONIAL, MERLIN, REPSOL, SANTANDER, SECTOR ELÉCTRICO, TALGO. EUROPA: ALLIANZ, PROSUS. 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. 3T’25 que se publicarán en España y Europa en los próximos días. Toma de beneficios en mercado Las bolsas terminaron recogiendo beneficio...

Deutsche Telekom (Buy, €40, +46%) Three Key Points for Q3

In this note, we address DT’s Q3 results – and we focus on what we see as three key points of interest: 1) Given the new buyback, how does DT spend their €15bn of “surplus” capital? 2) What should we make of the new fibre messaging? 3) Where does DT go with its Nvidia relationship?

Deutsche Telekom : Guidance raised despite soft Q3 in Germany (as expe...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 11/13/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 13/11/2025

Coffee, Croissants & Credit/Deutsche Telekom, Grand City Properties

Telecom: Deutsche Telekom reports solid 3Q25 results. Real Estate: Grand City Properties 9M25: steady as she goes

DEUTSCHE TELEKOM: RDOS. 3T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 3T'25 vs 3T'24: Ventas: 28.935 M euros (+1,5% vs +1,7% BS(e) y +1,2% consenso); EBITDA: 11.115 M euros (+0,2% vs +0,4% BS(e) y +0,2% consenso); BDI: 2.670 M euros (+14,3% vs +6,3% BS(e) y +6,1% consenso). Rdos. 9meses'25 vs 9meses'24: Ventas: 87.361 M euros (+3,0% vs +3,1% BS(e) y +2,9% consenso); EBITDA: 33.412 M euros (+3,2% vs +3,2% BS(e) y +3,2% consenso); BDI: 7.617 M euros (+8,0% vs +5,4% BS(e) y +5,3% consenso).