|Bid||2.7930 x 0|
|Ask||2.8080 x 0|
|Day's Range||2.7540 - 2.8120|
|52 Week Range||1.9420 - 2.9260|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||3.59|
|Earnings Date||Jan 28, 2022|
|Forward Dividend & Yield||0.03 (0.97%)|
|Ex-Dividend Date||May 20, 2021|
|1y Target Est||3.10|
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COBOL determines expected loss as (1) a function of the probability that the issuer will cease making payments under the covered bonds (such cessation, a CB anchor event); and (2) the estimated losses that will accrue to covered bondholders should a CB anchor event occur. This is an estimate of the losses Moody's currently models following a CB anchor event.
MADRID (Reuters) -Spain's Caixabank on Friday said its third-quarter recurrent profit rose 33% measured against the same period a year ago, due to lower loan loss provisions which offset pressure on lending income. Caixabank, which closed the Bankia 4.3 billion acquisition in March, a defensive deal to better cope with ultra low interest rates and the coronavirus pandemic, posted an underlying profit of 744 million euros ($868.5 million) in the July to September period without extraordinary items from the merger.. However, a pro-forma profit of around 560 million euros for the third quarter of 2020 was used to calculate the year-on-year comparison taking into account Bankia.
Spain's Caixabank said on Thursday it was considering selling its entire 9.92% stake in the Austrian lender Erste Group Bank. The stake has current a market value of around 1.65 billion euros ($1.92 billion), taking into account the Austrian lender's 429.8 million outstanding shares and Thursday's closing price of 38.76 euros per share, according to data from Refinitiv. Like other Spanish and European banks, Caixabank, which in March closed the acquisition of Bankia, is trying to comply with harsher solvency requirements and regulators are demanding banks to focus on their core banking business.