Friday , March 5 2021

Morgan Stanley takes over Spanish banking and BBVA pays the results With Investing.com



© Reuters. Image of BBVA headquarters

Invests.com – Spanish Banking It has not started on a good trip this Tuesday because of changing the recommendation in the target price in their shares by analysts Morgan Stanley (NYSE :). In this market, the most of this new perception of the international bank's analysis section is BBVA (MC :), which leaves 3%.

In fact, the entity, still directed by Francisco González, is the value the majority fall on. In this sense, Morgan Stanley has reduced its target price to 6.3 euros.

There are other entities that have also been affected by changing Morgan Stanley's opinion Banco Santander (MC 🙂 a Sabadell (MC :). Ana Botin's bank also sees analysts reducing their potential from 5.9 euros to 5.8 euros. On his behalf, a Catalan bank, who moved his headquarters after political instability, saw the loss of the target price of 1.75 euros to remain at 1.45 euros per share.

However, Banco Santander holds the rate at the beginning of session and a earn 0.6% and Banco Sabadell keeps the pulse to avoid entering red and He's quoted an apartment.

Caixabank (MC 🙂 is saved from burning

The only bank that came out of the report published by Morgan Stanley was Caixabank. Analysts have increased the share price price by 20 cents for € 5.

It should be noted that Caixabank has introduced a new The company's Strategic Plan. Therefore, the entity has set its goals for 2021 and expects the profitability to reach 12% over the next two years compared to its 10% time.

In order for that to happen, as the bank explained, the resources of managed clients must be increased. This means that 43% of these resources will have to come from long-term customer savings and insurance.

Despite the new ones around Caixabank, the market turns back on the securities & bank at the beginning of the session, since then 1% fall and waiting for 3.68 euros.

Legal notice: Fusion Media I would like to remind you that the data included in this site is not necessarily real or accurate. All CFD exchanges (stocks, indexes, futures) and Forex prices are not provided by exchanges, but rather by market makers, and prices are not accurate and can be different from the current market price. Therefore, Fusion Media does not have any responsibility for any trading losses that you could raise as a result of using this data.

Fusion Media or anyone associated with Fusion Media will accept any liability for the damage as a result of relying on the information including data, quotes, charts and the purchase / sale of signals that have been included in the website this. Inform fully about the risks and costs associated with trading and financial markets, it is one of the most dangerous investment forms possible.


Source link