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Banco de Sabadell, S.A. (SAB.MC)

MCE - MCE Delayed price. Currency in EUR
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0.6502+0.0340 (+5.52%)
At close: 5:35PM CEST
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Previous close0.6162
Bid0.6494 x 0
Ask0.6498 x 0
Day's range0.6230 - 0.6554
52-week range0.2500 - 0.6840
Avg. volume23,625,265
Market cap3.627B
Beta (5Y monthly)1.67
PE ratio (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date01 Apr 2020
1y target estN/A
  • Reuters

    Sabadell seeks to cut 13% of workforce in Spain -union

    Sabadell wants to cut 1,900 jobs in Spain, around 13% of staff in its home market, a union negotiating with the bank said on Thursday, under plans to cut costs and make more money. Such a reduction would be Sabadell's second in less than a year after recently cutting 1,817 jobs in Spain, where it employs a total of 14,648 people. Union Comisiones Obreras (CCOO) said it saw no reason for a new round of layoffs at Sabadell, given "no economic, technical, productive or organisational causes".

  • Reuters

    Spain's Sabadell kicks off new round of layoffs in Spain - union and memo

    Spain's Sabadell on Monday told its employees it will engage in a new round of layoffs in Spain, according to an internal memo from the bank and a statement from the Spanish union Comisiones Obreras. Sabadell declined to comment. A source with knowledge of the negotiations said around 1,800 staff could be affected by the latest restructuring plan, a figure similar to the 1,817 staff cuts made recently.

  • Reuters

    Sabadell Q1 net profit beats forecasts as UK unit TSB returns to profit

    Spain's Banco Sabadell said on Friday its British unit TSB swung back to a profit in the first quarter after speeding up a cost-cutting plan, however the group's bottom line fell 22% as lending income remained under pressure. The bank reported a net profit of 73 million euros ($88.5 million), above a 56 million euros forecast from analysts polled by Reuters, as it booked fewer provisions for loan losses. Sabadell's net interest income, earnings from loans minus deposit costs, fell 5.8% to 833 million, in line with market forecasts.