Banco Comercial Portugues (GB:0RJN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Banco Comercial Português, S.A. reported stable financial results for Bank Millennium with a slight year-on-year decrease in net results for the first half of 2024, despite the implementation of a recovery plan and capital protection strategy. The net result was affected by high provisions for legal risks associated with Swiss franc mortgage loans, while the bank also saw a modest increase in net interest income and a reduction in net fees and commissions. Impaired loans showed a slight improvement, but operating costs rose significantly.
For further insights into GB:0RJN stock, check out TipRanks’ Stock Analysis page.
