|Bid||0.000 x 1239200|
|Ask||0.000 x 4019500|
|Day's Range||3.116 - 3.186|
|52 Week Range||3.013 - 4.389|
|PE Ratio (TTM)||18.55|
|Earnings Date||Oct 29, 2018|
|Forward Dividend & Yield||0.11 (3.35%)|
|1y Target Est||4.04|
Spanish banks posted solid second-quarter earnings with four of the country’s six largest lenders earning more than forecast. The banks have capitalized on five years of growth in Spain to improve the quality of their assets, beef up their core capital and improve their profitability. With improving asset quality, low provisions and reviving loan growth, they have hit “a cyclical sweet spot”, according to Scope Ratings.
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.
The head of Spain's bank bailout fund FROB said on Friday that the state could sell state-controlled Bankia (BKIA.MC) to a competitor, but its priority was to continue its privatisation process through stake sales. If that scenario arrives it will be analysed from an economic perspective," Jaime Ponce, the head of the FROB told journalists. The Spanish state holds a 61 percent stake in Bankia and the government has until 2019 to fully privatise the lender.
By Helen Reid and Danilo Masoni LONDON/MILAN (Reuters) - Stellar results from chip-maker AMS and another big pharma deal dominated European share trading at the start of a heavy earnings week, while a ...
Spanish state-owned lender Bankia (BKIA.MC) said it swung into the red in the fourth quarter, for the first time in three years, blaming one-off restructuring costs after its acquisition of smaller peer BMN. Seeking to boost its earnings following a quick recovery from its 22.4 billion euro ($28 billion) bailout in 2012, Bankia agreed in June to acquire BMN to create Spain's fourth-biggest bank. When it originally announced the tie-up, Bankia said it expected restructuring costs of around 300 million euros, mainly due to layoffs and branch closures.
Spanish stocks fell on Friday after Catalan separatists won a slim majority in a regional election, deepening a political crisis which has hurt the economy and caused a business exodus from the region. Spain's IBEX (.IBEX) fell 1.2 percent after voters backed separatist parties in a rebuke to Prime Minister Manuel Rajoy and European Union leaders. "This is Groundhog Day, we have been here," said Christopher Peel, chief investment officer at Tavistock Wealth.
(Adds Sabeco, NXP Semiconductors, LKQ Corp, Tencent Holding, Corning Inc, Otkritie Bank, Bankia, CanniMed Therapeutics, Zurich Insurance, Canadian Solar, OTP Bank, OldTown Berhad, Cassa Depositi e Prestiti ...
MADRID (Reuters) - Spain's bank bailout fund plans to sell about 7 percent of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of ...
Spain's bank bailout fund plans to sell about 7 percent of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of the situation told ...
Bankia CFO Leopoldo Alvear discusses how the bank plans to stay competitive with international rivals over the coming years.