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.
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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.
Spain's Caixabank said on Wednesday its net profit rose 30.3% in the second quarter from the same period in 2023 thanks to higher lending income.