|Bid||2.6190 x 0|
|Ask||2.6210 x 0|
|Day's range||2.6160 - 2.6820|
|52-week range||1.5180 - 2.8950|
|Beta (5Y monthly)||1.66|
|PE ratio (TTM)||12.66|
|Earnings date||28 Oct 2021 - 01 Nov 2021|
|Forward dividend & yield||0.03 (1.02%)|
|Ex-dividend date||20 May 2021|
|1y target est||4.47|
Cost savings arising from domestic consolidation in the Spanish banking sector should be a driver for more potential deals, bank executives told a financial event in Madrid on Wednesday. Facing ultra low interest rates and the impact of the COVID-19 pandemic, European banks are under growing pressure to cut costs, either on their own or through tie-ups. "Such deals, when done correctly, make a lot of sense and help make the business more profitable and sustainable," Unicaja Chief Executive Manuel Menendez told the forum.
MADRID (Reuters) -Spain's High Court has dropped a formal investigation into the chairman of oil company Repsol Antonio Brufau after it found no evidence of his alleged participation in a decade-old spying case, a court document showed on Thursday. The investigating judge Manuel Garcia Castellon also dismissed an investigation against former Caixabank chairman Isidro Faine and the companies Repsol and Caixabank.
MADRID (Reuters) -Caixabank has agreed with unions to lay off 6,452 employees in what will be the biggest ever staff overhaul in Spanish banking, even after the lender shaved 1,800 cuts from its initial plans, the bank and a union spokesperson said on Thursday. The agreement to reduce its workforce in Spain by around 14.5% was reached after the bank met some of the union's demands, such as voluntary redundancies rather than compulsory cuts, Comisiones Obreras (CCOO) union and the bank said. In April, Caixabank had announced plans to cut 8,291 jobs, one of the largest such culls in Spain's corporate history, and close 1,534 branches, slightly more than a quarter of its offices, to adapt to a customer shift towards online banking.