SAB.MC - Banco de Sabadell, S.A.

MCE - MCE Delayed price. Currency in EUR
0.3376
+0.0207 (+6.53%)
As of 11:55AM CEST. Market open.
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Previous close0.3169
Open0.3296
Bid0.3375 x 0
Ask0.3378 x 0
Day's range0.3270 - 0.3410
52-week range0.2501 - 1.1127
Volume38,753,122
Avg. volume75,442,464
Market cap1.892B
Beta (5Y monthly)1.36
PE ratio (TTM)3.55
EPS (TTM)0.0950
Earnings date31 Jul 2020
Forward dividend & yield0.04 (12.62%)
Ex-dividend date01 Apr 2020
1y target est1.85
  • Sabadell to close more than 200 branches in Spain - source
    Reuters

    Sabadell to close more than 200 branches in Spain - source

    Banco Sabadell <SABE.MC> plans to close 235 branches in Spain this year, around 13% of its network, as it speeds up cost cutting and digital transformation following the COVID-19 pandemic, a source with knowledge of the matter said on Thursday. Spain's fifth-biggest bank lender had said in January it would close 145 branches in 2020. "There was already a plan in place to cut branches but the coronavirus is accelerating this process and the plan foresees closing now 90 branches more", the source, adding that some of branches that had been closed during the pandemic would not be re-opened.

  • What Does Banco de Sabadell, S.A.'s (BME:SAB) Share Price Indicate?
    Simply Wall St.

    What Does Banco de Sabadell, S.A.'s (BME:SAB) Share Price Indicate?

    Banco de Sabadell, S.A. (BME:SAB), operating in the financial services industry based in Spain, received a lot of...

  • Sabadell's net profit shrinks on coronavirus-related provisions
    Reuters

    Sabadell's net profit shrinks on coronavirus-related provisions

    Spain's Banco Sabadell <SABE.MC> said on Thursday its first quarter net profit shrunk by almost two-thirds after it braced for coronavirus-led defaults and suspended its guidance for the full year. The country's fifth-largest bank by assets reported a net profit of 94 million euros in the January to March period after a hike in provisions and impairments to 454 million euros from 190 million a year ago. Analysts polled by Reuters expected a net profit of 116 million euros.

  • Barclays, Sabadell bosses give up some pay to aid coronavirus relief efforts
    Reuters

    Barclays, Sabadell bosses give up some pay to aid coronavirus relief efforts

    Britain's Barclays <BARC.L> and Spain's Banco Sabadell <SABE.MC> on Tuesday said senior executives would give up some of their pay, joining a list of European banks where bosses have made such a gesture as part of efforts to combat the new coronavirus. Barclays said Chief Executive Jes Staley, Chairman Nigel Higgins and Chief Financial Officer Tushar Morzaria would all donate a third of their fixed pay for the next six months to a new 100 million pound community aid fund launched by the bank. Sabadell and its British subsidiary TSB said that senior management of both banks would give up their bonus awards for 2020, so that the banks can better reward junior staff who are helping customers deal with the virus.

  • Reuters - UK Focus

    Banco Sabadell's senior management to forego 2020 bonus

    Banco Sabadell on Tuesday said its senior management, including executive chairman Josep Oliu and chief executive officer Jaime Guardiola, will forego any bonus for 2020 as part of the bank's effort to help mitigate the impact from the coronavirus crisis. The bank also said the top management of its British business TSB, including CEO Debbie Crosbie, would give up any variable remuneration for 2020. The decision will be formally announced at an extraordinary board meeting on April 8, Sabadell said, without giving any further detail about the amounts of money they would forego.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Where's your melt-up now?

    * Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. To sum up two weeks of buy-side and sell-side research since the coronavirus started to seriously rattle global markets, let's just say that the SARS precedent doesn't actually tell us much about what to expect, and that we simply don't know how bad and deadly and hurtful to the world economy this epidemic could turn out to be.

  • Reuters - UK Focus

    LIVE MARKETS-Out with a bump: FTSE back to Dec. 12 levels

    * Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Shaken by coronavirus fears which are rattling global markets, the FTSE 100 is down 1.3%, well below 7,300 points and roughly back to where it was before Boris Johnson's landslide on December 12 during which he promised to "get Brexit done".

  • Reuters - UK Focus

    LIVE MARKETS-Hated bulls seek love, any correction will do

    * Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. European shares are set to end the first month of the decade down around 1%, the worst January performance since 2016.

  • Reuters - UK Focus

    LIVE MARKETS-Cracks in the 'bottoming up' narrative

    * Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Not only did the bloc miss expectations but both France and Italy shocked investors with their GDP actually contracting in Q4. One of the rare glimpses of light in 2019 was the Gallic relative economic performance but there's fear that the social unrest against the pension reform has undermined that.

  • Reuters - UK Focus

    Sabadell swings to fourth-quarter loss on higher provisions

    Spain's Banco Sabadell swung to a loss of 15 million euros ($16.6 million) in the fourth quarter from a profit of 80 million a year ago due to higher-than-expected provisions for bad loans, the bank said on Thursday. Analysts had expected, on average, a net profit of 16 million euros, although some projected a loss. Net interest income, a measure of earnings on loans minus deposit costs, fell 2.4% from a year earlier to 910 million euros, but edged 0.4% higher against the preceding quarter.

  • Reuters - UK Focus

    LIVE MARKETS-Wise owl in a dove's skin?

    * European shares 0.4% lower, Milan outperforms * Travel stocks top sectoral decliners * STMicro and Novozymes at multi-yr highs after estimate-beating results * ECB keeps policy unchanged, eyes on strategic review Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. "One reason might have been that she declined on a few occasions to distance herself from negative interest rates," ING Senior Rates Strategist Antoine Bouvet says. Lagarde said she was neither a policy hawk nor a dove, but rather an owl, who will use her wisdom.

  • Reuters - UK Focus

    LIVE MARKETS-Changes in ECB statement: "strategic review" the only change

    * European shares 0.4% lower, Milan outperforms * Travel stocks top sectoral decliners * STMicro and Novozymes at multi-yr highs after estimate-beating results * ECB keeps policy unchanged, eyes on strategic review Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net CHANGES IN ECB STATEMENT: "STRATEGIC REVIEW" THE ONLY CHANGE (1307 GMT) No major reaction in FX, bonds or stocks after the ECB kept its monetary policy unchanged. Here's the ECB statement with changes underlined: (Thyagaraju Adinarayan and Ritvik Carvalho) ***** WILL CORONAVIRUS INFECT AIRLINES?

  • Reuters - UK Focus

    LIVE MARKETS-Will Coronavirus infect airlines? Lessons from the past

    * ECB rate decision later today Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. One way to assess possible risks of the new Coronavirus outbreak for the European airlines industry is to look at the damage from past global virus crisis (H1N1, SARS and Ebola). Credit Suisse has done so and although the severity of the latest outbreak is uncertain for now, global virus overall had "little historical impact" on the industry.

  • Reuters - UK Focus

    LIVE MARKETS-The curious case of Spanish banks

    * ECB rate decision later today Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. If you take a look at the Spanish index, you might be surprised that banks are doing well today after Bankinter, Spain's fourth biggest bank by market value, said its profit went down 13% in Q4.

  • Reuters - UK Focus

    UK Treasury asks banks for ideas to boost 'left-behind' Northern towns

    Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regions outside London. The call comes as figures show lending by banks to small and medium sized businesses has shrunk rapidly in the north of England. Treasury officials have requested policy ideas for fuelling growth in the north of England in meetings with banks and finance industry trade bodies including since the new year, banking industry sources told Reuters.

  • How Should Investors React To Banco de Sabadell, S.A.'s (BME:SAB) CEO Pay?
    Simply Wall St.

    How Should Investors React To Banco de Sabadell, S.A.'s (BME:SAB) CEO Pay?

    Jaime Guardiola Romojaro has been the CEO of Banco de Sabadell, S.A. (BME:SAB) since 2007. First, this article will...

  • Spain's Banco Sabadell hires IBM for 1 billion euro IT upgrade
    Reuters

    Spain's Banco Sabadell hires IBM for 1 billion euro IT upgrade

    Spain's Banco Sabadell <SABE.MC> has hired IBM <IBM.N> for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank's director of operations and people, said on Wednesday. The bank wants to makes its computer systems leaner and more efficient to handle more data and transactions from customers´ mobile phones, said Montes. The bank intends to set up new services for its customers such as account aggregation, credit risk assessment and cash pooling, he said, adding Sabadell will pay around 100 million euros a year to IBM.

  • £260m boost for savers as watchdog cracks down on banks
    Yahoo Finance UK

    £260m boost for savers as watchdog cracks down on banks

    The Financial Conduct Authority plans to force banks to offer one interest rate for 'easy access' savings accounts to prevent them gradually cutting rates.

  • Here's How P/E Ratios Can Help Us Understand Banco de Sabadell, S.A. (BME:SAB)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand Banco de Sabadell, S.A. (BME:SAB)

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • These 82 TSB branches will be closing in 2020
    Yahoo Finance UK

    These 82 TSB branches will be closing in 2020

    The full list of which TSB branches will be closed next year, and when the closures will happen.

  • TSB to close 80 branches in 2020 as part of £100m cost-cutting plan
    Yahoo Finance UK

    TSB to close 80 branches in 2020 as part of £100m cost-cutting plan

    TSB said it currently had 'more than double the UK average' number of branches per 10,000 customers.

  • Santander UK boss on the fate of bank branches
    Yahoo Finance UK

    Santander UK boss on the fate of bank branches

    About 55 bank branches are closing every month across the UK.

  • Spain's Sabadell plans to close around 10% of its branches in Spain in 2020
    Reuters

    Spain's Sabadell plans to close around 10% of its branches in Spain in 2020

    Spain's Banco Sabadell <SABE.MC> plans to close around 200 branches in Spain in 2020, its chief executive officer Jaime Guardiola said on Friday. As of end-September, Sabadell had 1,893 branches mostly in Spain, meaning the upcoming closures would imply a 10% reduction in offices. "Our plan is to close around 200 branches in Spain next year, which also foresees investments in ATMs and bigger branches," Guardiola said.

  • Reuters - UK Focus

    UPDATE 2-Spain's Sabadell sticks to 2019 targets on lower TSB tech costs

    Spain's Banco Sabadell almost doubled its third-quarter net profit as provisions related to IT failings at its British bank TSB fell, lifting its shares close to 1% on Friday. Spanish banks have gone abroad in search of higher revenues, but Sabadell's 2015 purchase of TSB has been marred by major technology glitches, which last year led to losses of 240 million euros at the British bank. For the first nine months of 2019 TSB lost 5 million euros, after booking a restructuring charge of 15 million euros in the third quarter.

  • Have Insiders Been Buying Banco de Sabadell, S.A. (BME:SAB) Shares?
    Simply Wall St.

    Have Insiders Been Buying Banco de Sabadell, S.A. (BME:SAB) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

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