S&P 500 rises as health care, tech gain to overshadow Fed independence concerns
Investing.com - Citi has initiated coverage on Banco Comercial Portugue (BCP:LI) with a Neutral rating and a price target of EUR0.70, according to a research note released Monday.
The bank’s strong focus on efficiency, combined with its EUR hedging strategy and improving profitability from its Polish operations, has positioned it favorably in Citi’s analysis.
Citi estimates Banco Comercial Portugue will achieve a cost-to-income ratio of approximately 37% over 2025-28, which it describes as "best-in-class" among peers.
The research firm projects a statutory return on tangible equity of approximately 14-17% over 2025-28, which exceeds the peer average according to their analysis.
Despite these positive factors, Citi’s earnings per share estimates fall slightly below consensus, and the firm believes the current valuation "appears full," leading to the Neutral rating.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.