Here is how CaixaBank, S.A. Unsponsored ADR (CAIXY) and Toronto-Dominion Bank (TD) have performed compared to their sector so far this year.
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) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET Company Participants Marta Noguer - Investor Relations Gonzalo Gortázar Rotaeche - Chief Executive Officer Javier Pano - Chief Financial Officer Conference Call Participants Marta Sánchez Romero - Citi Sofie Peterzens - JPMorgan Maksym Mishyn - JB Capital Francisco Riquel - Alantra Ignacio Ulargui - BNP Paribas Exane Andrea Filtri - Mediobanca Britta Schmidt - Autonomous Research Alvaro Serrano - Morgan Stanley Cecilia Romero Reyes - Barclays Pablo de la Torre Cuevas - RBC Capital Markets Fernando Gil de Santivanes - Intesa Sanpaolo Marta Sánchez Romero - Citi Marta Noguer Good morning, and welcome to CaixaBank Results Presentation for the First Quarter of 2025.
Gonzalo Gortazar, CEO of Spain's CaixaBank, discusses the prospect of a capital markets union in Europe, and the broader European banking sector.
Even by the standards of European financials, Spanish bank CaixaBank has been an exceptional performer recently, returning approximately 40% year-to-date. Although net interest income is rolling over as expected, the bank's earnings look much more resilient than I anticipated when I last covered it. These shares have re-rated to around 1.6x tangible book value. Although that looks rich, CaixaBank's strong earnings warrants a premium multiple.
CaixaBank focuses on the Iberian Peninsula, holding significant market shares in Spain and Portugal, and excels in wealth management with a 30% market share in Spain. Despite an excellent 2024 with a 20% increase in net income and a strong CET1 ratio, the net interest margin is under pressure. The 2025-2027 strategic plan targets sustainable finance and maintaining a RoTE above 15%, with dividends expected to yield around 7%.
CaixaBank, S.A. (OTCPK:CAIXY) Q4 2024 Earnings Call January 30, 2025 5:30 AM ET Company Participants Marta Noguer - Investor Relations Gonzalo Gortázar - Chief Executive Officer Javier Pano - Chief Financial Officer Conference Call Participants Alvaro Serrano - Morgan Stanley Francisco Riquel - Alantra Maks Mishyn - JB Capital Sofie Peterzens - JPMorgan Ignacio Ulargui Lopez - BNP Paribas Exane Cecilia Romero - Barclays Ignacio Cerezo - UBS Marta Sánchez Romero - Citi Hugo Cruz - KBW Pablo de la Torre Cuevas - RBC Capital Markets Marta Noguer Good morning and welcome to CaixaBank's results presentation for the fourth quarter and full year 2024.
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.