|Bid||1.4945 x 0|
|Ask||1.4960 x 0|
|Day's range||1.4870 - 1.4870|
|52-week range||0.7482 - 1.9970|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||49.57|
|Forward dividend & yield||0.12 (7.62%)|
|Ex-dividend date||09 Apr 2020|
|1y target est||N/A|
Bankia said on Wednesday its third-quarter net profit fell 79% from the same period a year ago as the Spanish bank warned of a "complicated fourth quarter" due to the uncertain effects of the coronavirus outbreak. Bankia set aside 155 million euros ($183.2 million) for the quarter to protect its books and support its customers against the fallout of the COVID-19 pandemic, after providing 310 million euros for the same reason in the first half of the year. The state-owned lender, which has agreed to a defensive merger with its biggest rival Caixabank, reported a net profit of 37 million euros in the quarter.
Former IMF boss Rodrigo Rato was acquitted on Tuesday in a fraud trial over the listing of Bankia, when he was its chairman, prompting calls for legal changes from consumer groups. Rato, who resigned from the Spanish bank in May 2012 and has always denied any wrongdoing, is serving a 4-1/2 year sentence after being found guilty of embezzlement in a separate trial over the misuse of Bankia credit cards. Another 33 people and entities charged in the high-profile trial relating to Bankia's ill-fated 2011 listing were also cleared, the sentence from Spain's High Court showed.
Caixabank and state-owned Bankia on Friday announced the details of a merger to create Spain's biggest domestic bank by assets. - Caixabank offered 0.6845 shares for every share in Bankia, valuing the state-controlled lender at 4.3 billion euros. - Caixabank said the all-in share deal represents a premium of 20% versus closing prices on Sept. 3 and a premium of 28% over the last three months.