BofA: Investors pour into bonds, pull back from crypto
On Monday, Deutsche Bank (ETR:DBKGn) analysts raised the price target for Banco Comercial Portugues (BCP:LI) stock to €0.73 from €0.69, while maintaining a Buy rating. The adjustment reflects the bank’s strong performance in the first quarter of 2025, particularly in net interest income (NII), which exceeded expectations.
The analysts noted the bank’s resilience, highlighting its ability to surpass the €800 million earnings mark, primarily driven by its operations in Portugal. The focus for investors is now shifting towards the bank’s activities in Poland, where rapidly decreasing CHF mortgage provisions are boosting confidence in future profitability.
Banco Comercial Portugues has shown a positive earnings trajectory, with a robust first quarter performance reinforcing its position. The bank’s operations in Portugal are expected to continue driving its financial results, while the situation in Poland presents additional opportunities for growth.
The analysts emphasized that while the outlook is promising, further reassurances regarding the bank’s future profitability would be beneficial. The anticipated improvements in earnings are expected to become more pronounced from 2026 onwards.
This price target increase reflects Deutsche Bank’s confidence in Banco Comercial Portugues’s ability to navigate current challenges and capitalize on opportunities in its key markets.
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