|Bid||3.772 x 167300|
|Ask||3.843 x 598700|
|Day's Range||3.740 - 3.831|
|52 Week Range||3.683 - 4.508|
|PE Ratio (TTM)||13.58|
|Forward Dividend & Yield||0.15 (3.92%)|
|1y Target Est||N/A|
Bank deposits in Catalonia fell 17 percent to their lowest in more than a decade in the last quarter of 2017 as a secession crisis unfolded, Bank of Spain data showed on Tuesday. Catalonia made a unilateral declaration of independence in October on the basis of a referendum that Madrid had declared illegal, raising concerns among investors and depositors that financial institutions operating there could lose the protection of the European Central Bank. Catalan lenders Caixabank (CABK.MC) and Banco Sabadell (SABE.MC) moved their headquarters out of the northeastern region, which accounts for around a fifth of Spain's economic output, and more than 3,000 companies also left.
Moody's Investors Service, ("Moody's") has today assigned a first time Baa2 long-term issuer rating to Criteria Caixa, S.A., Sociedad Unipersonal (Criteria or the company), one of the top five ...
Moody's Investors Service ("Moody's"), has today upgraded tranches A and B in a Spanish ABS SME transaction, CAIXABANK PYMES 8, FONDO DE TITULIZACION. The rating action reflects the increased ...
MADRID/MILAN/ROME (Reuters) - Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) said they are in talks over their competing bids for Spanish toll road company Abertis (ABE.MC) and a source said they could decide to break up the company rather than press on with a costly takeover battle. "If a deal is reached, Atlantia would likely withdraw its offer for the Spanish company and sign an agreement with ACS on how to divide Abertis's assets," the source close to the matter said. Atlantia would be interested in the Italian, French and part of the Latin American assets of the Spanish toll-road operator, the source said.
Moody's Investors Service, ("Moody's") has today upgraded the tranche D in a Spanish ABS SME transaction, FONCAIXA FTGENCAT 3, FTA. The rating action reflects the increased level of credit enhancement ...
Spain's Repsol (REP.MC) has agreed to sell its 20 percent stake in Gas Natural to CVC Capital Partners for 3.82 billion euros(3.38 billion pounds), a move that could allow the oil major to restart investment after years of debt reduction. Repsol will sell the stake to Rioja Bidco Shareholdings, controlled by private equity firm CVC, for a price equivalent to around 19 euros per share, it said on Thursday. Capital gains from the sale were around 400 million euros, it said.
European shares were set for their biggest weekly loss in six months on Friday as a slump in Deutsche Bank (DBKGn.DE) on a disappointing update dragged the heavyweight banking sector lower after a strong start to the year. "The stock market cannot always go up and multiples are very high. Vailati said European shares were more vulnerable than their U.S. peers to possible pull back because earnings growth expectations were stable, whereas those for U.S. companies were being revised upwards thanks to measures there to cut taxes.
People kept their money in Spanish lenders Caixabank (CABK.MC) and Banco Sabadell (SABE.MC) in the last three months of 2017, despite intense uncertainty over Catalonia's independence bid. Sabadell, Spain's fifth-biggest bank, said on Friday its deposits grew 1 percent in the fourth quarter over the previous one, while Caixabank, the country's third-largest, said its had fallen by 0.2 percent. Caixabank shares were down 4.3 percent at 0817 GMT on the weak quarterly results.
MADRID (Reuters) - Spain's Caixabank (CABK.MC) said on Friday its fourth quarter net profit more than doubled against the same quarter last year, thanks to a favourable comparison as it set aside more ...
Moody's Investors Service ("Moody's") has today upgraded the ratings on Series A and Series B in CAIXABANK CONSUMO 2, FONDO DE TITULIZACION: ....EUR 1170M Series A Notes, Upgraded to Aa2 (sf); ...
Spain's Repsol (REP.MC), currently trying to reduce its debt, said on Wednesday buyout group CVC and others were interested in its 20 percent stake in local utility Gas Natural (GAS.MC), which has a market value around 4.1 billion euros (3.63 billion pounds). Financial newspaper Expansion reported earlier that Repsol was in talks to sell the entire stake to CVC Capital Partners [CVC.UL]. "Repsol has received interest from a number of investors, including CVC, with the aim of exploring divestment possibilities for its Gas Natural stake," Repsol said in a statement to the market regulator.
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.
Spanish stocks fell 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 fell 1.1 percent after voters backed separatist parties in a rebuke to Prime Minister Manuel Rajoy and European Union leaders. Banco Sabadell and Caixabank, which have the biggest exposure to Catalonia and moved headquarters after October's independence referendum, sank 2.7 to 3.4 percent, the top fallers.
Financials led European stocks higher on Thursday in a reversal of earlier losses after a muted response to the approval by the U.S. Congress of a long-anticipated tax overhaul, while a vote in Catalonia remained in focus. The pan-European STOXX 600 index (.STOXX) ended the session with a 0.6 percent gain, with Britain's FTSE (.FTSE) hitting a record, up 1.1 percent. Spain's IBEX (.IBEX) was up 1 percent, shrugging off any jitters over a regional Catalan election in Spain.
Financials led European stocks higher on Thursday in a reversal of earlier losses after a muted response to the approval by the U.S. Congress of a long-anticipated tax overhaul, while a vote in Catalonia remained in focus. The pan-European STOXX 600 index ended the session with a 0.6 percent gain, with Britain's FTSE hitting a record, up 1.1 percent. Spain's IBEX was up 1 percent, shrugging off any jitters over a regional Catalan election in Spain.
Rating Action: Moody's upgrades six tranches in two Spanish ABS SME transactions. Global Credit Research- 21 Dec 2017. London, 21 December 2017-- Moody's Investors Service, has today upgraded six tranches ...
Rating Action: Moody's assigns definitive ratings to CAIXABANK RMBS 3, FONDO DE TITULIZACION's Spanish RMBS Class A and B notes. Global Credit Research- 14 Dec 2017. EUR 2.55 billion of rated debt securities ...
Rating Action: Moody's upgrades Banco BPI's deposit ratings to Baa3/Prime-3; positive outlook. Global Credit Research- 07 Dec 2017. Long-term debt ratings upgraded to Ba1; Baseline credit assessment upgraded ...
Rating Action: Moody's assigns definitive ratings to SME ABS notes issued by CAIXABANK PYMES 9, FONDO DE TITULIZACION. Global Credit Research- 27 Nov 2017. EUR 1,850 million of securities rated.
Announcement: Moody's: CaixaBank, Banco Sabadell relocation stems deposit outflows, but Cataluyna exposure risks remain. Global Credit Research- 16 Nov 2017. Madrid, November 16, 2017-- While the decision ...
By Danilo Masoni MILAN (Reuters) - Spanish stocks lagged a steady European market on Monday as uncertainty over the Catalonia crisis and a profit warning from renewables energy firm Siemens Gamesa weighed. ...
Spanish shares rebounded sharply in a flat European market on Wednesday on hopes that a big political crisis in the euro zone's fourth largest economy could de-escalate after Catalonia stopped short of declaring formal independence from Madrid. While Spain's benchmark IBEX (.IBEX) rose 1.3 percent, the pan-European STOXX 600 (.STOXX) index ended flat and the euro zone blue chip index inched up 0.2 percent. Spanish stocks have lagged their European peers this month with an 0.9 percent fall on worries of a possible break-up of the country following Catalonia's independence referendum on Oct. 1 that Madrid had deemed unconstitutional.
Spain's stocks and government bonds were in demand on Wednesday after Catalonia's leader stopped short of making a formal declaration of independence, taking the edge off a political crisis in the euro zone's fourth biggest economy. Carles Puigdemont instead made only a symbolic declaration late on Tuesday, claiming a mandate to launch secession but suspending formal steps to that end. Spanish Prime Minister Mariano Rajoy on Wednesday, however, took the first step towards activating article 155 of the Spanish constitution, a so-called nuclear option that would allow him to suspend Catalonia's political autonomy and take over the region.
Banco Santander shrugged off domestic political turmoil to raise its profitability forecast for next year thanks to stronger economic outlooks in some of its core markets. Santander's shares closed down around 2.9 percent against a 0.27 percent drop on the European STOXX banking index. In a presentation to investors in New York, Spain's biggest bank increased its return on tangible equity (ROTE) target - a key measure of profitability - for 2018 to over 11.5 percent from a prior estimate of 11 percent set out in a strategy plan last year.