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Bankinter Results: Small Beat, Solid Credit Metrics, Credit Neutral

FINANCIALS

Bankinter 1Q24 are a little ahead of consensus with solid credit metrics which read across well to the Spanish domestic banks. Spreads have lagged EuroIG peers marginally YTD but there’s perhaps not enough here to say results are better than credit neutral, we feel.


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Bankinter 1Q24 are a little ahead of consensus with solid credit metrics which read across well to the Spanish domestic banks. Spreads have lagged EuroIG peers marginally YTD but there’s perhaps not enough here to say results are better than credit neutral, we feel.


Keep reading...Show less