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CaixaBank

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In Spain 8th January 2025

Caixabank prepares to launch real estate portal to take advantage of good momentum in Spanish residential sector

Link Securities | Caixabank (CABK) is preparing the launch of a real estate portal to take advantage of the peak of sales and purchases and record prices that the residential sector is experiencing in all Spanish provinces, according to Expansión newspaper. It will be a similar website to www.idealista.com for buying and renting property (new and used) but only real estate companies registered on the portal will be able to…

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In Spain 30th October 2024

José Ignacio Goirigolzarri submits resignation as CaixaBank chairman, Tomás Muniesa appointed non-executive chairman

The Board of Directors of CaixaBank has accepted the resignation of José Ignacio Goirigolzarri as chairman of the bank, effective from January 1, 2025. From that date, Tomás Muniesa will assume the role as non-executive chairman of CaixaBank. José Ignacio Goirigolzarri is also voluntarily disengaging from all responsibilities he held within the CaixaBank Group. Gonzalo Gortázar, CEO of the entity since June 2014, remains as the first executive of CaixaBank,…

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Companies, Ibex 27th August 2024

Caixabank now has 24 mobile branches

Link | CAIXBANK (CABK) has extended the service it provides with its mobile branches in 1H24 to guarantee financial inclusion to a total of 804 towns and cities, which is 27% more than the number of locations served by the financial institution’s mobile branches in the first six months of last year. CABK thus provides financial coverage with its mobile branches in towns where 340,000 people live, who, whether or…

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Companies, Ibex 12th August 2024

Caixabank executes 9.68% of share buyback in first two weeks

Alphavalue/DIVACONS | The Catalan bank has executed 9.68% of its share buyback in the two weeks since it started this programme on 31 July, with a total amount of €500 million as reported on Friday to the National Securities Market Commission (CNMV). Caixabank: Add, Target Price €5.62/share.

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Relevant News Item 31st July 2024

Caixabank: €500m buyback starts today

2Q24 First Look – 6% Beat and Raised RoTE Guide | Back to B/S Growth? Iñigo Vega (Jefferies) | 6% beat versus consensus at attributable profit level, driven by better top line, mainly fees, but NII also slightly ahead, supported by balance sheet growth in the quarter. Opex running in line and CoR trending better than the 30bp guidance. Upgraded FY24 NII guidance to HSD growth year-on-year (consensus at 6% year-on-year)…

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Spanish economy 7th June 2024

CaixaBank and CEOE agree credit line of up to €40 billion (14% up on 2023) to support Spanish companies

Link Securities | The chairman of Caixabank, José Ignacio Goirigolzarri, and the president of the Spanish Confederation of Business Organisations (CEOE), Antonio Garamendi, have renewed their agreement on Thursday to support the growth and modernisation of Spanish companies, as reported by the digital portal Bolsamania.com. Specifically, they have established a line of financing of up to €40 billion (14% more than last year) to provide an ‘effective response to the…

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Spanish economy 30th April 2024

Caixabank reports attributable profit of €1,005 million (+17,5%) for 1Q24

Jefferies | Caixabank | BUY | CABK SM | €5.12 | PT: €5.80 | % to PT: +13% | CaixaBank 1Q24 – In-line Prin and Guidance | 1Q24 in line at net income level. The 3% beat on NII is perhaps the major highlight (offset by small miss on others/LLCs), but very much confirming the dynamics already observed elsewhere hitherto. Upgraded FY24 NII guidance to MSD growth year-on-year (consensus already…

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Spanish economy 27th March 2024

Caixabank’s stake in Telefónica reduced to 2.510%

Link Securities| The Catalan entity informed that it has decided to partially liquidate a hedge on a 1.957% of its 3.510% stake in Telefónica by delivering a 1% stake. The stake in Telefónica will therefore be reduced to 2.510%. Caixabank estimates that this transaction will have no material impact on the income statement or the CET1 ratio. CaixaBank’s stake in Telefónica thus falls to the lowest level since it notified…

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Spanish economy 16th March 2024

Caixabank approves share buyback programme for maximum €500 M of treasury shares

Link Securities| As reported in a Significant Event sent yesterday to the Spanish National Securities Market Commission (CNMV), the Board of Directors of Caixabank (CABK) has agreed to approve and initiate a programme to buy back its own shares for a maximum amount of €500 million. The objective of the programme is to reduce Caixabank’s share capital following the redemption of the treasury shares acquired. The capital reduction may be…

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Spanish economy 2nd February 2024

CaixaBank posts profit of €4.82 billion in 2023, up 53.9%, and will pay €2.89 billion dividend

CaixaBank Group posted an attributable net profit of €4.82 billion in 2023, up 53.9% against the €3.13 billion reported in 2022. The Group serves 20.1 million customers through a network of around 4,200 branches located across all of Spain and Portugal and has more than €600 billion in assets. The Board of Directors has submitted a proposal to the General Shareholders’ Meeting for the payment of a cash dividend of…