Banco Comercial Portugues

Trading gains to the rescue

20/05/20 -"The group funded a large portion of the COVID-19-related extra provisioning effort with trading gains. The net interest margin squeeze comes as a reminder that the pending recession will also ..."

PDF page sample
Pages
53
Language
English
Published on
20/05/20
Download
You may also be interested by these reports :
02/09/26
BARC (Reduce; UK) is posting one of the sector’s worst performances year-to-date, despite a supportive market environment. The stock is up by only 6% ...
02/09/26
One wonders what could trip up European Banks. The 37 banks under coverage by AlphaValue have gained 23% ytd and have easily outperformed the ...
01/09/26
We have decided to revisit our complacent valuation to align our recommendation with our fundamental sentiment that the stock should continue to ...
25/08/26
We have updated our projections on SocGen, upgrading our 2026 projections (+10%), but downgrading our 2027 estimates (-17%). For 2026, our upgrade ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO