Renta4 | Q119 results are below our estimates across the whole account: -3% in interest margins; -4% in gross profits; -2% in net margin for lower operational costs than expected and -4% in net profits. Compared to the consensus, slightly below in interest margins and gross profits (-1% in both cases), and 1% above in net margins and net profits.
Bankinter has been the first Spanish bank to publish its results. The bank´s shares have risen a modest 0.11% despite the good evolution of its business in the first nine months of the year. In this period profits increased by 7%, its ROE increased to 13.0 and its non- performing assets improved to 3.2%.
Bankinter analysts believe the markets are undervaluing the European Financial Sector. Expect average BPA for the sector as a whole to exceed 10% in 2018.
Bankinter, the best Spanish bank, amazed us with its spectacular results during the crisis and continues to do so now. It’s proof that things can be done with maximum prudence, security and moderation, without being pulled along by prevailing bubbles. Bankinter was always cautious about adventures. In the years prior to the eruption of the crisis it established the bases to prevent it from being carried away by what was a catastrophe.
MADRID | April 8, 2015 | By Sean Duffy | The takeover of BG by Royal Dutch Shell for £47 billion (€64.8 billion) could be the opening salvo in a race to hoover up energy firms, as oil giants look to take advantage of a liquidity glut by honing in on companies destabilised by the volatility on oil markets.
The Corner | April 1, 2015 | Public works contracts grew by €2.88 billion (25%) in 2015, bucking a negative trend that had been prevalent for the previous seven years.
MADRID | By Jaime Santisteban | Bankinter, the Spanish bank with highest credit rating announced results under expectations, according to Santander. Analysts look optimistic on Spanish equities profitability and expect a 15% growth in Ibex 35. Spain walks on a firm and positive trend, points out Moody’s.
By Capital Madrid | After thousands of Spaniards marched last week throughout the country under the banner of alleged bank abuses, the hunt continues with…
By Tania Suárez, in Madrid | Bankinter, with €59bn in assets, is the smallest of the Spanish listed banks but it has surprised everyone with…
At Bankinter, analysts expect markets to register a further downward move in the coming weeks. In fact, they believe that markets right now “are probably…