|Bid||0.7212 x 0|
|Ask||0.7218 x 0|
|Day's range||0.7134 - 0.7812|
|52-week range||0.5330 - 0.9500|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||N/A|
|Earnings date||26 Oct 2022 - 31 Oct 2022|
|Forward dividend & yield||0.03 (4.80%)|
|Ex-dividend date||30 Mar 2022|
|1y target est||1.07|
LONDON/MADRID (Reuters) -Spanish bank Sabadell has received indicative bids from France's Worldline, Italy's Nexi and U.S. firm Fiserv for its payments arm, with a deal valued at up to 400 million euros ($394 million), three sources said. Sabadell received the non-binding offers last week and is expected to shortlist a group of final bidders in early October, the sources said, speaking on condition of anonymity. The Spanish lender will review the offers at a board meeting in late September and then move to the final stages of the auction, allowing bidders to carry out due diligence on the unit, the sources said.
Spain's Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions and a positive contribution from its British unit TSB. Loan loss provisions in the quarter fell 36% compared to the same period a year ago as Sabadell recovered from the COVID-19 pandemic and closed the quarter with a 6.5% return on tangible equity (ROTE), up from 5.05% in the previous quarter. "We are beginning the year by improving our performance across all margins and we are continuing to reduce costs, this is accompanied by consolidation of TSB's positive contribution," Sabadell's Chief Executive Officer Cesar Gonzalez-Bueno said in a statement.
MADRID (Reuters) -Spain's Banco Sabadell expects to hit its 6% profitability target a year early, it said on Thursday after posting better than forecast quarterly and annual profit on the back of cost savings and a rise in mortgage lending. Lower impairments for last year as it recovered from the COVID-19 pandemic helped the bank to a 530 million euro ($598 million) net profit for 2021, above the 2 million euros in 2020 and the 403 million euros expected by analysts polled by Reuters. This allowed Sabadell to close the year with a 5% return on tangible equity (ROTE), up from 0.02% in 2020.