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

MCE - MCE Delayed price. Currency in EUR
1.0925
+0.0100 (+0.92%)
As of 9:41AM CET. Market open.
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Previous close1.0825
Open1.0880
Bid1.0915 x 0
Ask1.0925 x 0
Day's range1.0860 - 1.0945
52-week range0.7140 - 1.1295
Volume1994448
Avg. volume30,725,350
Market cap6B
Beta (5Y Monthly)1.46
PE ratio (TTM)7.43
EPS (TTM)0.1470
Earnings date30 Jan 2020 - 3 Feb 2020
Forward dividend & yield0.03 (2.77%)
Ex-dividend date2019-12-20
1y target est1.85
  • Reuters - UK Focus

    Small British banks want softer rules to help them compete

    Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight grip on the market. Four banking industry sources said these so-called "challengers" have stepped up lobbying in meetings with the central bank and finance ministry officials in recent months to ease requirements for holding special debt aimed at shielding taxpayers from bailing out troubled banks. Smaller banks have long-argued that rules are stacked in favour of the "big six" lenders - RBS, Lloyds, Barclays, HSBC, Santander and Nationwide.

  • 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.

  • Reuters - UK Focus

    UPDATE 2-Britain's TSB to cut 82 branches in strategy overhaul, up to 400 may go

    LONDON/MADRID, Nov 25 (Reuters) - British bank TSB said it will shut 82 branches next year, or 15% of its network, in a turnaround plan that aims to save a total of 100 million pounds ($128 million) by 2022 and which a source said could mean the loss of up to 400 jobs. The bank, whose roots go back about 200 years, was bought by Banco Sabadell for 1.7 billion pounds in 2015 as the Spanish bank sought to expand into Britain. The move backfired when IT glitches sent TSB's costs spiralling, forcing Chief Executive Paul Pester to resign amid complaints from customers and lawmakers over the fiasco.

  • Reuters - UK Focus

    UPDATE 2-Britain's TSB hit again by IT failure, delaying customer wages

    Britain's TSB Bank was hit by a new IT failure on Friday, after systems problems overnight meant thousands of customers woke up to find wages and vital payments had not reached their accounts. Thousands of customers took to social media to complain. "What an absolute joke @TSB is, I wake up expecting my wages to be in my bank and there's nothing there," one customer said on Twitter.

  • Reuters - UK Focus

    TSB and parent Sabadell heavily criticised for IT crash that locked 2 million out of accounts

    An IT crash at Britain's TSB bank that locked out nearly 2 million customers and halved parent Sabadell's profits last year was caused by moving to a new banking platform before it had been properly tested, an investigation has found. The report by law firm Slaughter & May found TSB's board failed "to fully understand the scope and complexity" of the new system prior to its failure, which forced out the then CEO Paul Pester after heavy criticism from customers and politicians. The report also found Spanish bank Sabadell's IT arm Sabis had not been ready to operate the new platform and had failed to test one of two data centres it relied on prior to the launch.

  • 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.

  • Reuters - UK Focus

    UK lawmakers call for action on banks, Big Tech to avoid IT failures

    British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. The review was launched after a major IT meltdown last year at TSB, part of Spain's Sabadell, which left thousands of customers locked out of their online accounts. The issue led to the resignation of TSB's CEO Paul Pester.

  • 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 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...

  • Should You Investigate Banco de Sabadell, S.A. (BME:SAB) At €0.85?
    Simply Wall St.

    Should You Investigate Banco de Sabadell, S.A. (BME:SAB) At €0.85?

    Banco de Sabadell, S.A. (BME:SAB), operating in the financial services industry based in Spain, saw a double-digit...

  • Reuters - UK Focus

    UPDATE 2-Bank rally leads European stocks higher

    European stocks rallied on Thursday as investors snapped up battered shares of eurozone banks after the U.S. Federal Reserve toned down expectations of further interest rate cuts. Shares of Italian and Spanish banks including Bankia SA , UBI Banca and Banco Sabadell were among the top gainers on the STOXX 600 after the Fed cut rates as expected on Wednesday, but signalled there would be a higher bar to further cut in borrowing costs. European banks, along with sectors such as miners and automakers, have gained in the recent weeks as investors rotated into cyclical sectors due to signs of easing U.S.-China trade tensions and assurances of support from major central banks.

  • Reuters - UK Focus

    LIVE MARKETS-ECB fireworks: Banks sizzle, but others not so much?

    * Credit Suisse upgrades UK equities to "overweight" in dollar terms Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. After a choppy session yesterday, banks are enjoying a nice little rally here supported by the rotation theme and ECB's stimulus measures that largely met market expectations. Euro-zone banks have surged 16.5% since mid-August and are on track for their best weekly performance in 2-1/2 years after hitting their highest since July 25.

  • Reuters - UK Focus

    UPDATE 2-Banks sizzle as European stocks log fourth week of gains

    A surge in banks, miners and automakers galvanised European stocks on Friday, as continued rotation into the cyclical sectors amid signs of progress in U.S.-China trade talks drove the STOXX 600 to its fourth straight week of gains. In a week that saw trade tensions between Washington and Beijing thaw and the European Central Bank cut rates deeper into negative territory and relaunch bond purchases with no scheduled end-date, banking shares were the star performers. Euro zone banks, which wavered after the ECB decision on Thursday, rallied 2.4%, with analysts citing the central bank's easing of the terms of its long-term loans to banks and introduction of tiered deposit rate as offsetting the pain of negative rates.

  • Reuters - UK Focus

    CORRECTED-UPDATE 2-European stocks close tad higher, led by gains in banks, energy

    A rally in banking shares and other recently battered sectors such as oil and gas and automakers kept the mood buoyant in European stock markets on Tuesday, as investors speculated over policy measures by the European Central Bank later this week. The pan-European STOXX 600 index, after opening in the red, closed 0.1% higher as the banking index climbed for a fifth session, its best five-day rally since April 2017. Oil and gas, basic resources and automakers - among the worst-hit sectors this year on worries over the U.S.-China trade war, Brexit and a global slowdown - gained between 0.2% and 2%.

  • Reuters - UK Focus

    GRAPHIC-AQR, Marshall Wace lead hedge funds to benefit from Europe bank slide

    AQR of the United States and Marshall Wace of Britain are among hedge funds to have taken sizeable positions over the past month to benefit from perceptions of European banks' vulnerability to recession. AQR Capital Management, a systematic fund house held a combined 6.01% across several of the six banks, while Marshall Wace, which uses both fundamental and systematic research processes, owned 4.87%.

  • Reuters - UK Focus

    UPDATE 2-European shares end lower in choppy session, FTSE lags

    European shares fell on Thursday as mixed readings of business growth across major economies and uncertainty over the U.S. interest rate outlook made investors nervous, while a jump in the pound dented London stocks. The latest data showed business growth in the euro zone recovering marginally in August but factory activity shrinking in both Japan and the United States, raising questions about the health of the global economy. The pan-European STOXX 600 index ended 0.4% lower, with euro zone equities down 0.6%.

  • Did Changing Sentiment Drive Banco de Sabadell's (BME:SAB) Share Price Down A Worrying 67%?
    Simply Wall St.

    Did Changing Sentiment Drive Banco de Sabadell's (BME:SAB) Share Price Down A Worrying 67%?

    Generally speaking long term investing is the way to go. But no-one is immune from buying too high. To wit, the Banco...

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