|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.4100 - 0.6800|
|52 Week Range||0.0014 - 1.1800|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||8.57|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 20, 2019|
|1y Target Est||N/A|
Sabadell is considering more job cuts and striking product distribution alliances with other European banks after merger talks with rival BBVA fell through last week, according to four sources with knowledge of the matter. Shares in the mid-sized Spanish lender slumped after the pair failed to agree on the price of their transaction, with investors now worried about Sabadell's ability to handle the expected pick-up in bad loans in the wake of the COVID-19 crisis if it goes it alone. Sabadell has said it is considering selling its British unit TSB, but sources said fresh cost saving measures are also under consideration.
Banco Bilbao (BBVA) and Banco de Sabadell's merger talks end on disagreement over financial terms.
The talks come just hours after BBVA (BBVA) struck a deal to sell its U.S. business to PNC Financial Services Group (PNC) for $11.6 billion in cash, triggering speculation that it would use the cash to buy a smaller rival. Both BBVA and Sabadell (ES:SAB) said the talks were ongoing and no decision had been made on whether a transaction would go ahead. “The entities have initiated a reciprocal due diligence review process as is customary in this type of transactions and have appointed external advisers,” BBVA said in a stock exchange filing.