|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||2.9700 - 2.9700|
|52-week range||1.8173 - 3.4600|
|Beta (5Y monthly)||1.66|
|PE ratio (TTM)||14.35|
|Forward dividend & yield||0.03 (0.99%)|
|Ex-dividend date||20 May 2021|
|1y target est||N/A|
Spain's Caixabank said on Thursday it was considering selling its entire 9.92% stake in the Austrian lender Erste Group Bank. The stake has current a market value of around 1.65 billion euros ($1.92 billion), taking into account the Austrian lender's 429.8 million outstanding shares and Thursday's closing price of 38.76 euros per share, according to data from Refinitiv. Like other Spanish and European banks, Caixabank, which in March closed the acquisition of Bankia, is trying to comply with harsher solvency requirements and regulators are demanding banks to focus on their core banking business.
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.