Caixabank, one of Europe’s most successful cases of structural growth and profitability
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…





