Analysis for Banco Comercial Portugues
Description & usage
Banco Comercial Português is a major Portuguese bank focused on retail and corporate banking services. The franchise benefits from stable deposits and improving profitability in the current rate environment. Key drivers are net interest margin, asset quality, cost efficiency, and capital adequacy.
Basic info
- Symbol
- BCP.LS
- Type
- Stock
- Region
- Europe
- Sector
- Financials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- BCP.LS
- Type
- Stock
- Region
- Europe
- Sector
- Financials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Banco Comercial Portugues (BCP.LS) currently has a total score of 69 points, placing it in the strong range. The score is made up of Performance (79), Stability (53) and Trend (66). The profile is clearly uneven: Performance stands out while Stability is more neutral.
Performance scores 79 points (strong). Key strength: 5Y return at 582.4 %. Even the weakest return is still strong in absolute terms: 10Y return at 118.7 %.
Stability scores 53 points (neutral). Key strength: return/volatility ratio at 2.88. Weaker metric: max drawdown (10Y) at -94.4 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 66 points (strong). Key strength: 12M momentum at 77.6 %. Main drag: trend strength at -0.26.
Overall, the profile has a clear strength in Performance, while Stability is the main limiter. On a metric level, 5Y return stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.