Markets




Caixabank's target price potential

Caixabank’s Fundamentals Could Take It To €4.7 Per Share

During 1Q17 Spanish Caixabank finished the integration with Portuguese BPI reporting net attributable profit of €403 million, up 47.9% year on year. This resilient stream of revenues coupled with good credit quality are some of the reasons for BBVA’s analysts bet on the stock.



Enel's projections

Readable Enel; slimming down regime bear fruit

After the Endesa takeover in the late 2000s, followed by the financial crisis and the Fukushima accident, Enel’s process to extract value from the Spanish utility transaction has been slow and painful. A diet was needed. Now it is starting to bear fruit with debt ratios and credit rating finally improving.


Spanish banks

Consensus divided over Spanish banks Q1’17 results

Fernando Rodríguez |The first quarter results from the Spanish banks have fuelled rises in the majority of their stock prices. But analysts are divided over the future market performance of a sector which is showing some lights, like a decline in provisions, but also a few shadows, such as weak profitability.


Spanish Telefonica Q1 results

Telefonica Earns 779 M€ In Q1’17 Thanks To Brazil; Spain Disappoints

Telefonica’s  net profit rose 42.2% to 779 million euros in the first quarter of 2017 from a year earlier. The 2016 results were reformulated mid-last year after the group decided to stop presenting its UK subsidiary O2 as a discontinued operation. Revenues from its Brazil and Latin American operations were the main earnings driver.