|Bid||2.829 x 1239200|
|Ask||2.899 x 4019500|
|Day's Range||2.817 - 3.058|
|52 Week Range||2.810 - 4.389|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||18.16|
|Earnings Date||Oct 29, 2018|
|Forward Dividend & Yield||0.11 (3.52%)|
|1y Target Est||4.04|
Shares in Spanish banks rebounded on Friday after the Supreme Court said it would review the impact of a ruling on mortgage stamp duty after initially saying on Thursday that banks would have to pay the tax. The court said that, as the ruling was a "radical change" in its criteria and had an "enormous economic and social impact", a senior judge agreed to suspend all pending appeals on the matter. The Supreme Court ruling had unexpectedly overturned a previous ruling from earlier this year and though it was final it didn't state from when clients were entitled to be compensated.
European shares swung back into the red on Thursday as fears of rising rates and disappointing earnings from U.S. industrials dragged Wall Street down, while HeidelbergCement's profit warning sank European ...
Spanish bank shares fell sharply on Thursday after the Supreme Court ruled banks must pay stamp duty on mortgage loans, potentially costing them billions of euros in compensation and raising pressure on their lending business. "The Supreme Court states that the person who must pay the stamp duty in the public deeds of loans with mortgage guarantees is the lender, not the one who receives the loan," the court said in a document. The Supreme court ruling, which overturned a previous ruling from earlier this year, is now final and could leave banks potentially exposed to additional legal provisions, analysts said.
MADRID (Reuters) - Spain's Supreme Court on Thursday ruled that banks and not clients must pay certain taxes related to mortgage loans, a court document showed, in a ruling that could potentially cost ...
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Bankia SA (BME:BKIA) has paid a dividend to Read More...
Former International Monetary Fund chief Rodrigo Rato will have to serve a four-and-a-half year jail sentence for misusing company credit cards when he worked at state-owned lender Bankia (BKIA.MC), Spain's Supreme Court confirmed on Wednesday. Rato, who was economy minister in Spain and a prominent figure in the ruling People's Party (PP) before moving to the IMF, chaired Bankia for two years until just before its state bailout in 2012. In 2017, the court considered Rato responsible for overseeing the misuse of credit cards and said he could have reversed the practice that involved dozens of other executives and board members of Bankia.
In June 2018, Bankia SA (BME:BKIA) released its earnings update. Generally, it seems that analyst forecasts are substantially optimistic, as a 80.7% rise in profits is expected in the upcomingRead More...
BRUSSELS, July 13 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Irish carrier Ryanair to acquire ...
(Reuters) - Britain's insurer Aviva Plc (AV.L) on Wednesday said it had exited Spain with the completion of the sale of its stakes in joint ventures Cajamurcia Vida and Caja Granada Vida to Spanish state-owned ...
Among the questions facing Spain’s new government is what to do with its stake in Bankia, the country’s fourth-largest bank. The prior government set itself a deadline of December 2019 to sell its 61 percent stake in Bankia, but its falling price has made selling on the open market a politically unpalatable prospect. 1. How did Spain’s government end up with Bankia?
** France's JCDecaux struck a deal to buy Australian billboard owner APN Outdoor Group with a sweetened A$1.12 billion ($830 million) offer, part of a rush to consolidate in a tightly controlled sector where revenues are surging. ** Eutelsat Communication SA said it did not intend to make an offer for Inmarsat, a day after the French satellite group said it was considering going head-to-head with EchoStar in a battle for the British company. ** A unit of iron ore miner Fortescue Metals Group requested to delay a bid by a Hancock Prospecting unit for Atlas Iron Ltd seeking further disclosures, the Australian Takeovers Panel said.
This analysis is intended to introduce important early concepts to people who are starting to invest and want a simplistic look at the return on Bankia SA (BME:BKIA) stock. BankiaRead More...
MILAN/LONDON (Reuters) - European shares jumped on Thursday after the European Central Bank said interest rates would stay at record lows at least through the summer of 2019 as it announced an end to its massive stimulus plan. Stock benchmarks across Europe enjoyed their best day in 2-1/2 months as they benefited both from a weaker euro and the surprise extension of lower interest rates. The pan-European STOXX 600 (.STOXX) and the euro zone STOXX (.STOXXE) jumped 1.4 and 1.3 percent, while the exporter-heavy German index (.GDAXI) gained 1.7 percent as the euro fell to a session low following the ECB's statement.
Bankia SA. (BME:BKIA) generated a below-average return on equity of 3.10% in the past 12 months, while its industry returned 9.45%. BKIA’s results could indicate a relatively inefficient operation toRead More...
Spain's banking bailout fund FROB could be looking at selling bigger stakes in the future privatization processes of Spain's state-controlled Bankia (BKIA.MC), Chairman Jose Ignacio Goirigolzarri said on Monday. Bankia got a 22.4 billion-euro ($27.6 billion) rescue package in 2012 to recover from property-loan losses at the height of Spain's financial crisis. The government has until the end of 2019 to sell off the 61 percent stake it holds.
Let’s talk about the popular Bankia SA. (BME:BKIA). The company’s shares received a lot of attention from a substantial price movement on the BME in the over the last fewRead More...
Spain's state-controlled Bankia (BKIA.MC) on Tuesday said it would return 2.5 billion euros (2.21 billion pounds) of excess capital to shareholders over the next three years in an effort to pay back part of public bailout cash. Bankia got a 22.4 billion-euro rescue package in 2012 to recover from property-loan losses at the height of Spain's financial crisis. The bank's chairman, Jose Ignacio Goirigolzarri, said institutional investors were interested in taking part in its privatisation.
(Adds Tencent, General Mills, Wilhelmsen Maritime) Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday: ** U.S. semiconductor testing company ...
The price to sell its entire shareholding in the life insurance and pensions joint ventures represents 2.1 times Aviva's share of the IFRS net asset value and 22.5 times Aviva's share of earnings after tax of these businesses, it said. With the deal, Aviva's Solvency II capital surplus will go up by about 150 million pounds, it said. "Following the restructuring of the Spanish banking system, which started in 2010, and the subsequent consolidation among Aviva's banking partners, Aviva has taken steps to protect the value of its distribution agreements in Spain," the insurer said in a statement.
Widely credited with steering Spain through its worst recession in decades, its outgoing Economy Minister Luis de Guindos will hope to bring pragmatism and tenacity to the European Central Bank when he takes over as vice president in June. Some EU lawmakers opposed his appointment, ratified on Monday by euro zone finance ministers, fearing the nomination of a politician could affect the bank's independence. Like Schaeuble's compatriots on the ECB's governing council, de Guindos is seen likely to favour an early normalisation of ECB policy, as the debate among ratesetters shifts towards when and how fast it should unwind its ultra-loose monetary stance.
Bankia CFO Leopoldo Alvear discusses how the bank plans to stay competitive with international rivals over the coming years.