IBERIAN DAILY 23 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABAD...

NEWS SUMMARY: COLONIAL, SANTANDER. 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. US stock markets try to recover European stock markets ended with gains of 0.5%, benefiting from the US rally where the 1Q’25 earnings season is improving slightly. Within the STOXX 600, Consumer Goods and Basic Resources were the best p...

INFORME DIARIO 23 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’25. PREVIEWS (ANÁLI...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: COLONIAL, SANTANDER. EUROPA: DANONE, SAP. 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. EE.UU. intenta recuperarse Las bolsas europeas terminaron con subidas de medio punto, beneficiadas por el rebote de EE.UU. donde la temporada de resultado...

Credit Morning 04/09/2025

Conti aims ConiTech sale or IPO; positive for IHO|

Morning Crédit 09/04/2025

Conti aims ConiTech sale or IPO; positive for IHO|

INFORME DIARIO 09 ABRIL (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: FLUIDRA, GREENING, SANTANDER. Rebote de corta duración con la entrada en vigor de los aranceles Hoy entran en vigor los aranceles recíprocos en Europa (20%) y en China (104%, donde el arancel a “minimis” se elevan un 90% frente al 30% inicial) pero ayer las bolsas de Europa y EE.UU. rebotaban con subidas superiores al +2,5% con la esperanza de posibles cesiones a ambos lados del Atlántico mientras duran las negociaciones. El Ibex recuperó los 12.00...

IBERIAN DAILY 09 APRIL (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: FLUIDRA, GREENING, SANTANDER. Short-lived rally with tariffs going into force Today the reciprocal tariffs on Europe (20%) and China (104%, where the de minimis tariff rises to 90% vs. the initial 30%), but yesterday European and US stock markets rallied with gains of more than +2.5% with the hope of possible concessions on both sides of the Atlantic in the ongoing negotiations. The IBEX rose back above 12,000 points. In the STOXX 600, all the sectors closed with gains, led by In...

Bank Brunch/Banks and tariffs, CSRD postponement vote, tariffs' effect...

Who's who: banks and tariffs. European Parliament votes a two year postponement of CSRD waves two and three. Tariffs on, risks off: credit set to leak

Bank Brunch/Banks and tariffs, CSRD postponement vote, tariffs' effect...

Who's who: banks and tariffs. European Parliament votes a two year postponement of CSRD waves two and three. Tariffs on, risks off: credit set to leak

IBERIAN DAILY 27 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ENDESA, OHLA, REPSOL, SANTANDER. IBEX unable to break through 13,500 points It was a cautious session with profit taking in Europe, where the geopolitical (Middle East and Ukraine) and tariff situation (they would go into force next week) curbed the advances. In the STOXX 600, most sectors (13 of 20) closed with losses, led by Autos and Technology vs. Energy and Utilities, which were the biggest winners. On the macro side, in the UK both general (2.8% YoY) and core inflation (3.5...

INFORME DIARIO 27 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENDESA, OHLA, REPSOL, SANTANDER. EUROPA: SECTOR AUTOS. El Ibex no consigue perforar los 13.500 Jornada de cautela con recogida de beneficios en Europa, donde la situación geopolítica (Oriente Medio y Ucrania) y los aranceles (entrarían en vigor la semana que viene penalizaron los avances). En el STOXX 600, la mayoría de los sectores (13 de 20) cerraron con pérdidas, liderados por Autos y Tecnología frente a Energía y Utilities que presentaron las m...

INFORME DIARIO 12 FEBRERO + RDOS. ESPAÑA Y EUROPA 4T’24. IDEAS DESTACA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: SANTANDER, TALGO, TELEFÓNICA. EUROPA: AHOLD DELHAIZE. 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. 4T’24 que se publicarán en España y Europa en los próximos días. El mercado sigue positivo En otra jornada sin grandes novedades macro ni nuevas sorpresas en materia arancelaria, la mayoría de índices europ...

IBERIAN DAILY 12 FEBRUARY + 4Q’24 RESULTS. PREVIEWS (ANÁLISIS BANCO SA...

NEWS SUMMARY: SANTANDER, TALGO, TELEFÓNICA. 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 4Q’24 results to be released over the coming days in Spain. The market remains positive In another session lacking big macro releases or tariff surprises, most European indices once again posted moderate gains, with the IBEX on the verge of 12,800 points. Thus, in the STOXX 600, most sec...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/07/2025

Santander : Robust operating performance and notable improvement in ca...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/02/2025

Santander : Opérationnel solide & amélioration notable du capital/reto...

Credit Morning 02/06/2025

EP Global Commerce intends to take Metro private; EUR 5.33 offer per share|Acqua e Sapone: acquisition of consortium members in Tuscany and Umbria and trading update|Annual targets for 2024/25 revised downwards and weak outlook for the following financial year|Loxam has launched the offering of a new € 500m bond maturing in 2030|

Morning Crédit 06/02/2025

EP Global Commerce intends to take Metro private; EUR 5.33 offer per share|Acqua e Sapone : acquisition des membres du consortium en Toscane et Ombrie et trading update|Loxam lance le placement d’une nouvelle obligation de 500 m EUR à échéance en 2030|

SANTANDER: 4Q’24 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'24 vs. 4Q'23 Results NII: € 11.98 Bn (+7.8% vs. +1.7% BS(e) and +1.3% consensus); Total Revenues: € 16 Bn (+10.1% vs. +3.6% BS(e) and +4.9% consensus); Operating Income: € 9.25 Bn (+14.4% vs. +3.6% BS(e) and +6.9% consensus); Net Profit: € 3.27 Bn (+11.3% vs. +5.5% BS(e) and -1.6% consensus). 4Q'24 vs. 3Q'24 Results NII: € 11.98 Bn (+6.8% vs. +0.7% BS(e) and +0.4% consensus); Total Revenues: € 16 Bn (+5.9% vs. -0.4% BS(e) and -0.8% consensus); Operating Income: € 9.25 Bn (+5.3% vs. -4.7% BS(e...

SANTANDER: RDOS. 4T’24 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'24 vs 4T'23: M. Intereses: 11.986 M euros (+7,8% vs +1,7% BS(e) y +1,3% consenso); M. Bruto: 16.026 M euros (+10,1% vs +3,6% BS(e) y +4,9% consenso); M. Neto: 9.254 M euros (+14,4% vs +3,6% BS(e) y +6,9% consenso); BDI: 3.265 M euros (+11,3% vs +5,5% BS(e) y -1,6% consenso). Rdos. 4T'24 vs 3T'24: M. Intereses: 11.986M euros (+6,8% vs +0,7% BS(e) y +0,4% consenso); M. Bruto: 16.026 M euros (+5,9% vs -0,4% BS(e) y -0,8% consenso); M. Neto: 9.254 M euros (+5,3% vs -4,7% BS(e) y -1,6% conse...