Banco Comercial Português S.A./€BCP

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09:10
12:45
16:25
20:00
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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

Primary listing

XLIS

Employees

15,796

Headquarters

Porto, Portugal

BCP Metrics

BasicAdvanced
€11B
8.16
€0.09
1.46
€0.03
4.16%

Bulls say / Bears say

Barclays launched coverage of BCP with an 'overweight' rating and a €0.69 price target, forecasting 14% EPS compound annual growth for 2024–27 and a 15% ROTE in 2026, reflecting strong prospects for earnings growth (Reuters)
In H1 2025, BCP's net income increased 3.5% to €502.3 million, with a 14.3% return on equity and a fully loaded CET1 ratio of 16.2%, pointing to resilient profitability and a strong capital base (Reuters)
BCP's shares have nearly doubled over the last 12 months, signalling strong investor belief in the bank's earnings resilience (Reuters)
Portugal’s net interest income in its domestic market dropped 3.9% to €326 million in Q1 2025, as the net interest margin in Portugal fell from 2.34% to 2.12% in response to ECB rate cuts, indicating sustained margin pressure at home (Reuters)
Morgan Stanley downgraded BCP to 'equal weight' from 'overweight,' cautioning that rising risk-weighted asset (RWA) inflation will consume surplus capital and constrain further shareholder payouts (Reuters)
Persistent high costs for legacy Swiss franc mortgage provisions remain a drag on the Polish business, with FX legal risk charges totaling PLN 445 million in Q1 2025, despite a 19% decline year-on-year, highlighting ongoing legal cost pressures (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 2025.
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