Banco Comercial stock: Goldman Sachs raises target to EUR 1.35 for Banco Comercial stock

Published on 10/20/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached EUR 260.10 million. Banco Comercial stock costs EUR 1.10 on October 20, 2026, 0.54 percent below Euronext close.

Goldman Sachs target and results date

Goldman Sachs upgraded Banco Comercial to Buy and lifted its target to EUR 1.35 on October 14, 2026.
Banco Comercial posted EUR 260.10 million in net income for the second quarter of 2026.
Banco Comercial stock costs EUR 1.10 at Lang & Schwarz on October 20, 2026 at 5:00 p.m. CEST, 0.54 percent below the Euronext Lisbon close of October 19, 2026.
MarketBeat lists October 28, 2026, as the estimated earnings date.

Banco Comercial, PTBCP0AM0015, Illustration mit AI erstellt.

Goldman Sachs upgraded Banco Comercial from Neutral to Buy and lifted its price target from EUR 1.27 to EUR 1.35 on October 14, 2026, according to Markets Insider. At Lang & Schwarz, Banco Comercial traded at EUR 1.10 on October 20, 2026 at 5:00 p.m. CEST, 0.54 percent below the Euronext Lisbon close of October 19, 2026 at EUR 1.11.

Goldman Sachs raises the valuation bar

The target increase of EUR 0.08 puts Goldman Sachs's new level 22.73 percent above the Lang & Schwarz price. The rating change gives the October 14 note a clear numerical anchor, while the stock remains below the EUR 1.24 52-week high recorded in the current market period.

Second-quarter earnings set the base

Banco Comercial reported EUR 260.10 million in net income for the second quarter of 2026, while revenue reached EUR 967.30 million, according to Yahoo Finance. The next reporting date is October 28, 2026, after the market closes, as listed by MarketBeat.

Price remains below the yearly high

Banco Comercial's 52-week range runs from EUR 0.75 to EUR 1.24 as of October 20, 2026. The stock's year-to-date performance is plus 24.44 percent, and trading volume reached 16,232,697 shares on the same date.

Valuation and banking peers

Banco Comercial carries a P/E ratio of 12.69 and a market capitalization of EUR 16.4 billion as of October 20, 2026. Those figures place the bank between larger Iberian peers on scale, while the upcoming earnings date provides the next scheduled test for the Goldman Sachs view.

Comparison with peers

Banco Comercial: minus 0.54 percent, P/E 12.69, market capitalization EUR 16.4 billion.

Banco Santander (Madrid, EUR): plus 0.87 percent, P/E 10.90, market capitalization EUR 172.7 billion.

Banco Bilbao Vizcaya Argentaria (Madrid, EUR): plus 0.53 percent, P/E 11.84, market capitalization EUR 125.7 billion.

What the October 28 date means

The scheduled report gives investors the next dated checkpoint for the second-quarter earnings base and the analyst target. The key comparison will be whether the third-quarter figures support the EUR 1.35 valuation level.

Banco Comercial price stays in focus

At Lang & Schwarz, Banco Comercial stood at EUR 1.10 on October 20, 2026 at 5:00 p.m. CEST, 0.54 percent below the Euronext Lisbon close of October 19, 2026 at EUR 1.11. The further course of trading is shown by the continuously updated real-time quote of Banco Comercial stock.