|Bid||0.9868 x 0|
|Ask||0.9874 x 0|
|Day's Range||0.9852 - 1.0045|
|52 Week Range||0.7034 - 1.1127|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||6.71|
|Earnings Date||Jan 31, 2020|
|Forward Dividend & Yield||0.03 (2.94%)|
|Ex-Dividend Date||Dec 20, 2019|
|1y Target Est||1.85|
Spain's Banco Sabadell has hired IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank's director of operations and people, said on Wednesday. The bank wants to makes its computer systems leaner and more efficient to handle more data and transactions from customers´ mobile phones, said Montes. The bank intends to set up new services for its customers such as account aggregation, credit risk assessment and cash pooling, he said, adding Sabadell will pay around 100 million euros a year to IBM.
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European stocks rallied on Thursday as investors snapped up battered shares of eurozone banks after the U.S. Federal Reserve toned down expectations of further interest rate cuts. Shares of Italian and Spanish banks including Bankia SA , UBI Banca and Banco Sabadell were among the top gainers on the STOXX 600 after the Fed cut rates as expected on Wednesday, but signalled there would be a higher bar to further cut in borrowing costs. European banks, along with sectors such as miners and automakers, have gained in the recent weeks as investors rotated into cyclical sectors due to signs of easing U.S.-China trade tensions and assurances of support from major central banks.
A rally in banking shares and other recently battered sectors such as oil and gas and automakers kept the mood buoyant in European stock markets on Tuesday, as investors speculated over policy measures by the European Central Bank later this week. The pan-European STOXX 600 index, after opening in the red, closed 0.1% higher as the banking index climbed for a fifth session, its best five-day rally since April 2017. Oil and gas, basic resources and automakers - among the worst-hit sectors this year on worries over the U.S.-China trade war, Brexit and a global slowdown - gained between 0.2% and 2%.
European shares fell on Thursday as mixed readings of business growth across major economies and uncertainty over the U.S. interest rate outlook made investors nervous, while a jump in the pound dented London stocks. The latest data showed business growth in the euro zone recovering marginally in August but factory activity shrinking in both Japan and the United States, raising questions about the health of the global economy. The pan-European STOXX 600 index ended 0.4% lower, with euro zone equities down 0.6%.
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. To wit, the Banco...
As Banco de Sabadell, S.A. (BME:SAB) announced its earnings release on 30 June 2019, the consensus outlook from...
Today we'll take a closer look at Banco de Sabadell, S.A. (BME:SAB) from a dividend investor's perspective. Owning a...
British lender TSB is cutting 124 jobs as part of a restructuring at its head office, according to an email sent to bank staff by its employee union seen by Reuters on Thursday. The restructuring will impact 366 people resulting in the net loss of 124 jobs, the email from Accord union executive Linda Crouch said.
Jaime Guardiola Romojaro became the CEO of Banco de Sabadell, S.A. (BME:SAB) in 2007. This report will, first, examine...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to know who really controls Banco de Sabadell, S.A. (BME:SAB), then you'll have to look a...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Banco de Sabadell, S.A. (BME:SAB), operating in the financial services industry based in Spain...
Retail bank TSB needs to turnaround its business and cut costs before becoming a candidate for a sale or to take part in any consolidation in Britain, the chairman of parent Banco Sabadell said on Wednesday. Sabadell bought TSB for £1.7 billion in 2015 to expand into Britain and challenge incumbent retail banks. TSB has also been hit by an IT glitch forcing the bank to hire 2,100 staff to help fix the problems which left customers locked out of their online accounts for weeks.