Caixabank: Expect strong 1Q18 results
Net profit to amount to €624mn
Caixabank will release its 1Q18 results on Friday, April 27th. A webcast will be held at 11.30 CET in the following link: http://wcc.webeventservices.com/wcc/r/1649339-1/0D2BE653BC455C80128392C0C6C26FE0
We estimate that the net group profit may amount to €624mn (+54.7% yoy), +12.6% higher than the consensus figure although our numbers already include the results released by BPI. Net interest income may increase +3.9% yoy, to €1,198mn, fees +5.6%, to €620mn and ordinary revenue +16.4%, to €2.2bn. Costs may increase +5.6%, to €1,162mn leading to a pre–provision profit of €1,040mn (+31.3%). Cost of risk is estimated at approximately 0.4% for the Spanish business. All in, profit before taxes may jump +83.9%, to €829mn and net group profit +54.7%, to €624mn.
Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.