Friday , March 5 2021

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

© Reuters. Image of BBVA headquarters – 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.

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