Link Securities | The chairman of Caixabank (CABK), Tomás Muniesa, noted on Wednesday that the uncertainty caused by the war in Iran is slowing down customers’ decisions when it comes to applying for loans, according to a report in the newspaper Expansión on Wednesday. In recent weeks, a decline in demand for corporate credit has begun to be felt. It is slight, but it is starting to be noticed, the…
Jefferies | Despite the continued strength of our top Iberian pick, Caixabank (CABK) (shares up 28% in the last six months), our thesis remains largely unchanged: Caixabank is one of Europe’s most successful cases of structural growth and profitability, benefitting from the opportunity to invest capital in areas of high RoTE growth. We continue to see value in the shares today, with a P/E ratio of less than 10 in…
Norbolsa | The European Banking Consortium Stablecoin, formed by CaixaBank and nine other European banks, has presented Qivalis, the company that will launch what they say is the first euro-pegged stablecoin, which they expect to be technically and technologically ready by the beginning of the second half of 2026. This was explained on Tuesday at a press conference in Amsterdam (Netherlands) by the president of the new company, Howard Davies;…
Alphavalue/DIVACONS | The Catalan bank, Caixabank (CABK), informed the National Securities Market Commission (CNMV) that the number of shares purchased to date as a result of the execution of the buyback programme (maximum amount €500 million) amounts to 58,760,550, representing an amount of €478,965,460, equivalent to 95.79% of the maximum monetary amount.
The CaixaBank Group obtained a net profit of €4.397 billion between January and September 2025, after growing by 3.5% compared to the same period of the previous year. CaixaBank, which serves 20.6 million customers in Spain and Portugal through a network of around 4,100 branches, holds more than €660 billion in assets. The year-on-year evolution of the income statement reflects, as it did in the first half of the year,…
Alphavalue/DIVACONS | The Catalan bank executed 53.47% of its share buyback in the ninth week of the programme, whose maximum amount has been set at €500 million, according to information provided by the entity to the National Securities Market Commission (CNMV) on Friday. Specifically, in this new week of the programme, it acquired 2,237,802 shares at a weighted average price of £8.6738 and a total amount of £19.4 million. Meanwhile,…
Alphavalue / Divacons | US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking group BPCE. In addition to the buyout offers, Lone Star is also considering the possibility of selling part of its stake through an IPO of Novo Banco in the future. There had been speculation that the value of the Portuguese bank could be between €5.5 billion…
Link Securities | Caixabank (CABK) has filed a lawsuit claiming €132 million from five major insurers (Liberty, Allianz, Zurich, Torus and Beazley) for alleged breaches in the contract to cover the civil liability of Bankia’s IPO, according to the newspaper Expansión. Caixabank considers that the expenses that Bankia had to face after its rescue were a circumstance that was covered by the insurance policy taken out.
Link Securities | Caixabank (CABK) is considering a takeover bid for Portuguese bank Novo Banco. There are other interested entities, such as the French group BPCE and the Portuguese Caixa Geral de Depósitos, as reported on Friday by elEconomista. Novo Banco was created in August 2014 after the Bank of Portugal intervened to rescue Banco Espírito Santo (BES), which at the time was one of the country’s largest and most…
Jefferies | While the 1Q25 print was a welcomed 14% net income beat, this was mainly driven by better other revenues and impairments, which we think the market will look through to some extent. Elsewhere, core dynamics are progressing as expected and FY25 guidance is reiterated. €148m special banking tax accrual, in line with the near-€600m guidance for FY25. CaixaBank reported 1Q25 attributable profit of €1,470m, a 14% beat versus…