Spanish banks could lose -2.4% profits in 2019

Spanish España.

An important research firm reduced its profits forecastof the Spanish banking in 2019 to  -2.4% According to Alphavalue, this firm believes that the seven largest Spanish banks by market capitalization will earn € 17.447 billion in 2019.

The figure is -2.4% below the analysts’ previous forecasts. The entity also down slightly -0.2%, its estimates of net profit for 2020.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.