Spain's Caixabank will work with the Angolan government to take the African country's lender BFA public, CEO Gonzalo Gortazar said on Tuesday.
Spain's Caixabank said on Tuesday it aimed for a return on tangible equity ratio (ROTE) target of more than 16% by the end of 2027 and above 15% on average over the 2025–2027 horizon, as it expects higher non-core banking revenues will partly cushion the pressure from lower interest rates.
Kepler Cheuvreux downgraded CaixaBank to Reduce from Hold with a price target of EUR 5.10, down from EUR 5.45. The firm says the investor day is unlikely to reignite the equity story.
CaixaBank, S.A. (OTCPK:CAIXY) Q3 2024 Earnings Conference Call October 31, 2024 6:30 AM ET Company Participants Marta Noguer - Investor Relations Gonzalo Gortazar - Chief Executive Officer Javier Pano - Chief Financial Officer Conference Call Participants Antonio Reale - Bank of America Maksym Mishyn - JB Capital Alvaro Serrano - Morgan Stanley Ignacio Javier Ulargui Lopez - BNP Paribas Exane Sofie Peterzens - JPMorgan Marta Sanchez Romero - Citi Andrea Filtri - Mediobanca Britta Schmidt - Autonomous Research Ignacio Cerezo - UBS Marta Noguer Good morning, and welcome to CaixaBank's Results Presentation for the Third Quarter of 2024.
Caixabank CEO Gonzalo Gortazar says while he believes consolidation in the banking sector is widely positive, he does not think all deals are valuable.
Lending income at Spain's Caixabank came under pressure in the third quarter from lower interest rates, even while the lender reiterated its high single-digit growth guidance for 2024 because of controlled funding costs.
The deputy chairman of Caixabank , Tomas Muniesa, is set to succeed Jose Ignacio Goirigolzarri as chairman of Spain's biggest lender by domestic assets, a source with knowledge of the matter said.
Spanish Caixabank's Executive Chairman Jose Ignacio Goirigolzarri is set to announce his resignation on Wednesday, a source with knowledge of the matter said.
Does CaixaBank, S.A. Unsponsored ADR (CAIXY) have what it takes to be a top stock pick for momentum investors?
CaixaBank has shown strong market performance, with a 142% rise over five years and a 65% increase year-to-date, supported by solid fundamentals. The bank offers an attractive 7.9% dividend yield, making it a compelling choice for income investors amid lower government bond yields. CaixaBank's robust liquidity, high solvency, and profitability, along with a favorable P/E ratio, make it a strong candidate for long-term growth and dividends.
Does CaixaBank, S.A. Unsponsored ADR (CAIXY) have what it takes to be a top stock pick for momentum investors?
CaixaBank, S.A. (OTCPK:CAIXY) Q2 2024 Results Conference Call July 31, 2024 5:30 AM ET Company Participants Marta Noguer - IR Gonzalo Gortázar - CEO Javier Pano - CFO Conference Call Participants Antonio Reale - Bank of America Sofie Peterzens - JPMorgan Maksym Mishyn - JB Capital Ignacio Ulargui - BNP Paribas Exane Francisco Riquel - Alantra Alvaro Serrano - Morgan Stanley Andrea Filtri - Mediobanca Ignacio Cerezo - UBS Marta Sanchez Romero - Citi Britta Schmidt - Autonomous Research Marta Noguer Good morning, and welcome to CaixaBank results presentation for the second quarter of 2024.