CaixaBank, S.A. (CIXPF)
| Previous close | 3.1600 |
| Open | 3.1600 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 3.1600 - 3.1600 |
| 52-week range | 2.4700 - 4.0700 |
| Volume | |
| Avg. volume | 153 |
| Market cap | 29.27B |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 4.04 |
| EPS (TTM) | 0.8810 |
| Earnings date | N/A |
| Forward dividend & yield | 0.16 (4.90%) |
| Ex-dividend date | 18 Apr 2022 |
| 1y target est | N/A |
- Reuters
Caixabank ups profitability target, unveils $1.9 billion share buy-back
Caixabank raised its key profitability target for 2024 and announced a 1.8 billion euro ($1.88 billion) share buy-back programme, expecting higher interest rates and economic recovery to boost banking revenue. As part of a new strategic plan, Spain's biggest domestic lender by assets said on Tuesday it planned to grow revenue by around 7% between 2022 and 2024, driven by an increase in insurance income and moderate growth in fees and commissions. Against this backdrop, Caixabank targeted a return on tangible equity ratio (ROTE), a measure of profitability, of above 12% by 2024 from an adjusted 7.2% at the end of 2021.
- Reuters
Caixabank has sufficient provisions to withstand current uncertainty, CEO says
Spain's Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank's Chief Executive Officer Gonzalo Gortazar said on Friday. A day earlier, the Bank of Spain told lenders to monitor credit risks of customers most exposed to the impact of Russia's invasion of Ukraine and urged banks not to release provisions, which were boosted during the pandemic, given the current uncertainty. Caixabank's pandemic-related provisions fell by around a fifth in 2021 compared to the previous year, boosting the lender's recurrent net profit by more than 70%.
