That this year is being the banking year is indisputable, boosted by the tightening of monetary policy to tame runaway inflation. And this has been reflected in the stock market for another week, with the five Ibex 35 banking entities rising an average of 6% since Monday.
Bankinter closed the day on Thursday as the second most bullish in the selective, with a rise of 3.5% , and at annual highs that leave it at 2020 levels, after the presentation of successful results for the first three quarters of the year, with a net profit of 430 million euros, 21% more than in the same period of the previous year. With this result, the entity exceeds the forecasts of the Bloomberg market consensus, which expected profits of 411 million.
In the year, the shares of the company led by Pedro Guerrero also have the wind in their favor, where it rises 38.4% and is the second most bullish in the club of the 35, only behind CaixaBank. Thus, the consensus of experts gives their titles a run of 8%. Nuria Álvarez, an analyst at Renta 4, explains in this regard: “The results have been above our estimates and those of the consensus, highlighting the growth in interest margin, 13% more than Renta 4 expected and 9 % more than the consensus expected. A strength that more than compensates for net commissions somewhat weaker than expected (-4% of Renta 4 and -1% of the consensus), “he concludes.
Three of the ten analysis houses that reviewed Bankinter’s titles yesterday increased their valuation. Among them, Alphavalue, which goes from 5.69 to 5.84 euros, and that yesterday executed an increase in the target prices of the five or entities of the Spanish index.
After Bankinter, which has given the starting signal in terms of being accountable to the market, is Sabadell, which will present its accounts on October 23. The company, which is the third most bullish of the year, is the only Ibex bank that raises advice to hold and not to buy.
Banco Santander is the next, and will present results on the 26th. The company notes a rebound of 11% since last October 12 , a session in which its titles were 3.5% below their annual lows. CaixaBank and BBVA –both, purchase– are the last to render accounts, on October 28.