Banco Comercial Portugue stock initiated at Neutral by Goldman Sachs

Published 25/09/2025, 08:20
Banco Comercial Portugue stock initiated at Neutral by Goldman Sachs

Investing.com - Goldman Sachs initiated coverage on Banco Comercial Portugue (BCP:LI) with a Neutral rating and a price target of EUR0.80.

The investment bank expects strong growth in lending volumes to drive higher profitability and capital distributions for the Portuguese bank.

Goldman Sachs estimates a combination of net interest income (NII) and non-NII growth across BCP’s core geographic markets will support the bank’s financial performance.

The firm also anticipates a reduction in legal risk provisions related to the CHF mortgage portfolio in Poland, which should help drive profitability above the peer average.

Despite projecting return on tangible equity (ROTE) of approximately 16% on average over 2025-27, Goldman Sachs believes these positive factors are already reflected in the bank’s current valuation and consensus expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.