Banco Comercial Português S.A./€BCP
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Banco Comercial Português S.A.
Banco Comercial Português S.A. (BCP) is a prominent financial institution operating primarily in the banking industry. It offers a range of financial services including retail banking, corporate banking, insurance, and asset management. Founded in 1985, the bank is headquartered in Porto, Portugal. BCP operates through its key brand, Millennium bcp, and has a significant presence in Portugal along with operations in Poland, Mozambique, Angola, and Switzerland. The bank emphasizes digital banking services and a customer-centric approach to enhance its competitive positioning in the market.
- Ticker
- €BCP
- Sector
- Finance
- Primary listing
- XLIS
- Employees
- 15,543
- Headquarters
- Porto, Portugal
- Website
- www.millenniumbcp.pt
BCP Metrics
BasicAdvanced
€16B
14.69
€0.07
0.83
€0.03
3.20%
Price and volume
Market cap
€16B
Beta
0.83
52-week high
€1.22
52-week low
€0.71
Average daily volume
46M
Dividend rate
€0.03
Financial strength
Profitability
Net profit margin (TTM)
29.88%
Operating margin (TTM)
61.38%
Effective tax rate (TTM)
29.36%
Revenue per employee (TTM)
€240,000
Management effectiveness
Return on assets (TTM)
1.15%
Return on equity (TTM)
14.07%
Valuation
Price to earnings (TTM)
14.687
Price to revenue (TTM)
4.26
Price to book
2.08
Price to tangible book (TTM)
2.18
Dividend yield (TTM)
3.20%
Forward dividend yield
3.20%
Growth
Revenue change (TTM)
-13.66%
Earnings per share change (TTM)
-7.13%
3-year revenue growth (CAGR)
4.40%
3-year earnings per share growth (CAGR)
15.55%
10-year earnings per share growth (CAGR)
-9.21%
What the Analysts think about BCP
Analyst ratings (Buy, Hold, Sell) for Banco Comercial Português S.A. stock.
Analyst projections of the future price of Banco Comercial Português S.A. stock.
Bulls say / Bears say
BCP is still growing earnings despite lower rates: first-half 2026 net profit rose 12.7% to €565.8 million, with Portugal profit up 10.9% and domestic net interest income up 11.3%. (MarketScreener, Jornal Económico)
The Polish unit’s legacy Swiss-franc mortgage burden is shrinking: related charges fell 65% year on year in the first half and the portfolio declined 47%, while provisions covered 173% of the remaining book. Bank Millennium’s first-half profit rose 39%. (Bank Millennium)
Morningstar DBRS upgraded BCP’s long-term issuer rating to A from A (low), with a stable trend, citing resilient profitability and a solid risk profile. Its first-half fully implemented CET1 ratio was 15.1%, providing a substantial capital cushion. (Morningstar DBRS)
A new estimate of PLN154 million in third-quarter legal-risk provisions shows that Swiss-franc mortgage litigation is still generating material costs for the Polish unit, despite the portfolio run-off. (Nasdaq)
Lower rates are squeezing spread income: BCP’s group net interest margin fell to 2.83% in the first half from 2.97% a year earlier, while Bank Millennium’s second-quarter net interest income declined year on year. Further rate cuts could make it harder for volume growth to sustain earnings. (MarketScreener, Reuters)
Costs and credit-loss charges are rising: first-half operating expenses increased 5.4% and loan impairment charges rose 16.3% year on year. That leaves less room for earnings to absorb any slowdown in revenue growth. (Morningstar DBRS)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
BCP Financial Performance
Revenues and expenses
BCP Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing BCP
AllEURUSDGBP
Fund name | Fund size | €BCP weighting |
|---|---|---|
iShares EURO STOXX Mid€DJMC | €595M | 1.20% |
iShares EURO STOXX Mid Cap£DJMC | €595M | 1.20% |
iShares EURO STOXX Banks 30-15€EXX1 | €2.6B | 0.81% |
iShares EURO STOXX Banks 30-15€EXA1 | €245M | 0.81% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.59% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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