Report
Benoit Valleaux ...
  • Steven Gould

CaixaBank : Operations/balance sheet still well on track…

>Outperform rating confirmed – target price lifted to € 5.6 (vs € 5.1) - CABK produced another very robust performance both in terms of operations and the balance sheet (capital), confirming the group’s good positioning in the current context. Net income came in above expectations at € 1.28bn (+11% vs consensus) with a convincing underlying operating performance in every respect (revenues, costs, cost of risk). The group also announced a € 0.5bn share buyback plan (al...
Underlying
CaixaBank SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Steven Gould

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