Equity Analysis

Palantir: AI in Uniform Attempts to Win Over Wall Street

Palantir has delivered a quarter that looks like a show of force. The group, led by the divisive Alex Karp, indeed provides concrete figures in its support: 85% growth, an adjusted operating margin of...

Unicredit: Impressive capital generation

Earnings/Sales releases The group posted strong quarterly profits. If the overperformance is not fully repeatable, the limited upgrade to net profit guidance probably reflects capital hoarding to...

Wipro Bets on Efficiency as AI Reshapes the Order Book

Wipro Limited combines global delivery scale, consulting depth and AI-led capabilities to address changing enterprise technology needs, balancing near-term spending caution with long-term growth...

CNOOC's Production Boom Redefines Scale

CNOOC Limited is riding Beijing's energy-security mandate to record production, with its stock price soaring, although its aggressive spending spree is growing faster than its profits, raising the...

UAE wins; OPEC on the Edge

Significant newsRiyadh needs Brent at $95 to balance its books. Abu Dhabi needs $50. That single gap explains why the 60-year-old OPEC framework no longer works for its most profitable member, and why...

Essity: Finally, the volumes show up

Earnings/Sales releases The Q1 26 results were broadly reassuring, with volume recovery being the standout positive — organic volume growth of +1.1% marked the clearest inflection in recent memory,...

ING Group: Q1: Strong beat, positive view reiterated

Earnings/Sales releases ING’s Q1-26 results beat consensus by 8% at the PBT level, driven by robust NII and double-digit fee growth. Management upgraded 2026 NII guidance to €16.5-16.7bn, citing...

Prada: Resilient core, cooling engine

Earnings/Sales releases Prada delivered Q1 26 broadly in line with expectations, with organic growth of +3%. Prada remained flat but resilient, supported by full-price sales and strength in the...

Whitbread: Purse-tightening to crystallize the strategic reset

Earnings/Sales releases Whitbread’s FY26 adjusted pre-tax profit remained broadly flat yoy, though statutory pre-tax profit fell 19% due to considerable impairment charges from the F&B Conversion...

Elecnor: Improving earnings quality, but valuation remains a constraint

Earnings/Sales releases Elecnor reported steady Q1 performance, with revenue up 3.7% yoy driven by services, while projects saw margin-led improvement despite lower sales. EBITDA growth reflected...

Danske Bank: Strong Q1 results, ambitious 2028 targets

Strategic plan Danske Bank’s Q1 2026 results featured robust core income and a significant loan loss release. The bank unveiled an ambitious 2028 plan, raising its RoE target to above 14.5% and...

Barry Callebaut: The profit warning that repairs the balance sheet

Falling cocoa prices are eroding Barry Callebaut's margins, although the reversal is freeing up cash and loosening the financial vice. The recovery remains fragile: while the balance sheet has room to...

NatWest: Confirmed guidance despite the updated macro scenario

Earnings/Sales releases The first quarter enjoyed healthy activity levels and benign asset quality trends. This enabled the group to post better-than-expected results despite a 10bp extra...

Meme stock king attempts a bluff with eBay takeover bid

What is Ryan Cohen, the meme stock king who has presided over GameStop's fortunes for several years, scheming with his highly controversial takeover bid for eBay?

National Central Cooling Company is Betting on Debt-Fueled Expansion

The National Central Cooling Company PJSC , is betting its future on a massive expansion, but the aggressive shift has left its balance sheet reeling under debt. Take for instance, the $700m Green...

Aon edges back to attractive valuation multiples

On Friday, the world's second-largest insurance broker released its Q1 results.

Linde plc: Q126 fine and forex in support

Earnings/Sales releasesThe group reported expected results for Q126. Positively, the group has slightly raised its FY26 targets, maintaining confidence despite the current context. This aligns with...

Stars Align for Constellium SE

The French aluminum transformation champion has seen its share price triple since the start of 2025, bolstered by a favorable economic climate.

BNP resists as investors hesitate

On Thursday, investors reacted cautiously to Europe's second-largest banking group.