Moody's Ratings (Moody's) has completed a periodic review of the ratings of CaixaBank, S.A. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 8 July 2024 in which we reassessed the appropriateness of the ratings in the context of the...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CaixaBank, S.A. Global Credit Research- 16 Feb 2022. Madrid, February 16, 2022-- Moody's Investors Service has completed a periodic review of the ratings of CaixaBank, S.A. and other ratings that are associated with the same analytical unit.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
NEWS SUMMARY: BANKIA, BANKINTER, CAIXABANK, CHANGES IBEX, FERROVIAL, IAG, PRISA. MARKETS YESTERDAY AND TODAY Fears of a new wave of Covid-19 rising Despite some calm in the US bond, growing doubts on coronavirus trends and subsequent restrictions in Europe set the pace of the session, especially affecting cyclical sectors. Thus, in the Euro STOXX, Utilities and Real Estate led the gains, with Autos and Travel & Leisure bringing up the rear. On the macro ide, in the US the Richmond manufactur...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CAMBIOS EN EL IBEX, CABK/BKIA, FERROVIAL IAG, PRISA EUROPA: ASML, ESSILOR-LUXOTICA Aumentan los temores a nueva oleada de Covid-19 A pesar de cierta tranquilidad en el bono americano, las dudas crecientes sobre la evolución del virus con sus consiguientes restricciones en Europa marcaron la sesión, afectando sobre todo a sectores cíclicos. Así, en el Euro STOXX, Utilities e Imobiliario fueron los que mayores ganancias acumularon, frente al peor comp...
The merger between Bankia and CaixaBank approved by their EGMs held on 1 and 3 December 2020, respectively, is still in process. The Board has deemed it appropriate to submit the re-election of 6 Directors: Mr. Goirigolzarri, Mr. Ortega, Mr. Cosmen, Mr. Feito, Mr. Fernández and Ms. González, for a 4-year term, although it is estimated that in a short period of time the merger will be completed, resulting in the extinction of Bankia and, consequently, the automatic termination of all the mandate...
BANKIA (ES), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 16, 2021, the closing price was EUR 1.58 and its potential wa...
NEWS SUMMARY: ALMIRALL, BANKIA, CAIXABANK, TELEFÓNICA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’20 results to be released over the coming days in Spain. MARKETS YESTERDAY AND TODAY Bullish markets pause for a break European equity markets ended with slight drops following the resumption of activity in the US after President’s Day holiday. The optimism about the econo...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ALMIRALL, BANKIA, TELEFÓNICA. EUROPA: ADIDAS, KERING Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’20 que se publicarán en España y Europa en los próximos días. Un respiro en el mercado alcista Los mercados de renta variable europeos cerraron con ligeras caídas en la vuelta de actividad de EE.UU. tras la...
De la conference call de Rdos. 4T’20 destacamos: Sin ningún tipo de guidance’21. La Compañía ha indicado que la clave estará en la consolidación con CABK y que hasta que no se produzca el cierre legal de la fusión en 1T’21 no sería esperable ningún tipo de visibilidad al respecto. Tan sólo recuerdan que en todo proceso de integración que todos los activos y pasivos deben realizarse a valor razonable. De esta forma se han centrado en remarcar el cumplimiento por encima de todos los objetivos d...
4Q'20 vs 4Q'19 Results N.I.I.: € 493.0 M (-2.0% vs. -2.0% expected and -3.6% expected by the market consensus); Total Revenues: € 693.0 M (-0.9% vs. -3.6% expected and -6.4% expected by the market consensus); Operating Profit: € 245.0 M (-2.8% vs. -11.7% expected and -17.9% expected by the market consensus); Net Profit: € 50.0 M (€ -34.0 M in 4Q'19 vs. € 32.07 M expected and € 21.0 M expected by the market consensus); 4Q'20 vs 3Q'20 Results N.I.I.: € 493.0 M (+0.8% vs. +0.8% expected and -0.8% ...
Rdos. 4T'20 vs 4T'19: M. Intereses: 493,0 M euros (-2,0% vs -2,0% BS(e) y -3,6% consenso); M. Bruto: 693,0 M euros (-0,9% vs -3,6% BS(e) y -6,4% consenso); M. Neto: 245,0 M euros (-2,8% vs -11,7% BS(e) y -17,9% consenso); BDI: 50,0 M euros (-34,0 M euros en 4T'19 vs 32,07 M euros BS(e) y 21,0 M euros consenso). Rdos. 4T'20 vs 3T'20: M. Intereses: 493,0 M euros (+0,8% vs +0,8% BS(e) y -0,8% consenso); M. Bruto: 693,0 M euros (-12,1% vs -14,5% BS(e) y -17,0% consenso); M. Neto: 245,0 M euros (-29,...
NEWS SUMMARY: ACERINOX, BANKIA, PRISA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’20 results to be released over the coming days in Spain. MARKETS YESTERDAY AND TODAY The IMF and the delays drag down the markets After the IMF cut its growth forecast for the euro zone (and Spain, especially) for 2021 and warning of the excesses on the markets, the financial risk and ...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACERINOX, BANKIA, PRISA. EUROPA: BMW, NOKIA, UNICREDIT, VIVENDI. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’20 que se publicarán en España y Europa en los próximos días. El FMI y los retrasos lastran los mercados Después de que el FMI haya rebajado para 2021 la previsión de crecimiento de la Eurozona...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ENDESA, GRUPO C. OCCIDENTE, TELEFÓNICA. EUROPA: SAP. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’20 que se publicarán en España y Europa en los próximos días. El mercado no mira al Covid-19 Jornada positiva en las bolsas europeas con los países core haciéndolo mejor que los periféricos (que tuvieron l...
NEWS SUMMARY: BANKIA, CAF, LOGISTA, REIT SECTOR, REPSOL, SIEMENS-GAMESA, TOURISM SECTOR. MARKETS YESTERDAY AND TODAY Markets continue to rally despite stimulus plan setback in the US The European stock markets rallied following the sharp drops of the previous session, with the Ibex 35 standing out with a +>1.80% rise. In Spain, the Government approved the Decree-Law on urgent measures for the management of the EU funds (€ 72 Bn of direct aid measures over the next 5 years) and a € 4.4 Bn aid ...
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BANKIA, CAF, LOGISTA, REPSOL, SECTOR SOCIMIS ESPAÑA, SECTOR TURISMO ESPAÑA, SIEMENS GAMESA. EUROPA: AIRBUS. Sigue el rebote a pesar de los contratiempos con los estímulos fiscales en EE.UU. Rebote en las bolsas europeas después de las fuertes caídas de la jornada anterior donde destacó el Ibex 35, que se apuntó una subida superior al +1,80%. En España, se aprobó el Decreto-Ley de medidas urgentes para la gestión de los Fondos Europeos (72.000 M d...
ECB lifts ban on dividends, but with limits Yesterday the ECB announced it will lift the ban on dividends for the entire sector, but limiting DPS in cash/buybacks to the lesser of: (i) 15% of accumulated Net Profit’19-20 and (ii) 20bps of capital. This criteria will be held in place until 30/09/21, and the banks will not be able to pay a DPS against 2021 results until then. We expect a neutral/negative reception to the news, as the criteria are slightly stricter than expected and the implied yie...
El BCE levanta el veto a los dividendos pero con limitaciones El BCE anunció ayer que levanta el veto al pago de dividendos a todo el sector pero limitando el DPA en efectivo/recompras al menor de: (i) 15% del BDI acumulado’19-20 y (ii) 20 p.b. de capital. Este criterio se mantendrá hasta el 30/09/21 y los bancos no podrán pagar hasta entonces DPA a cuenta de Rdos’21. Esperamos una acogida neutra/negativa dado que los criterios son ligeramente más estrictos que las expectativas previas y que la ...
In item 1, shareholders are called to approve the merger by absorption of Bankia SA (Bankia, or the Company) by CaixaBank SA (CaixaBank). After the merger, Bankia will be dissolved and all of the Company's assets and liabilities will be transferred en bloc to CaixaBank. Bankia's shareholders will receive a premium of 20.5%, in line with the average premium of 21% observed in similar transactions in Spain in the last 7 years. One Bankia share will be equivalent to 0.6845 CaixaBank share...
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