|Bid||1.0265 x 0|
|Ask||1.0270 x 0|
|Day's Range||1.0230 - 1.0585|
|52 Week Range||0.8320 - 1.6470|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||20.46|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.02 (1.93%)|
|1y Target Est||1.85|
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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.
The incoming chief executive of Britain's TSB will work on a plan to slash costs at the loss-making bank owned by Spain's Banco Sabadell, including potential staff cuts and relocations, a banking source said. Debbie Crosbie, who is expected to take over at TSB in just over a month, will work on a new strategy as it tries to regain confidence after a botched switch to a new IT platform. TSB, which was bought by Sabadell in 2015, has had to hire more than 2,100 staff to help fix IT problems which left customers locked out of their online accounts for weeks.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales haveRead More...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is for investors who would Read More...
Goldman Sachs is among the investors in a $20 million fundraising for financial technology firm Bud, the two companies said on Monday, the latest in a series of investments by big global banks seeking to partner with fintechs. Bud, which is already backed by HSBC, is one of a number of upstart firms taking advantage of Britain's new Open Banking rules to try and help users manage their finances better by combining data from multiple banks and service providers. Fintech companies such as Bud have moved quickly to try to capitalise on the new rules designed to promote competition and make it easier for users to see all their financial products in one place.
Britain's TSB Bank, a subsidiary of Spain's Sabadell, plunged to a 105.4 million pound ($137.9 million) loss last year as costs from a major IT meltdown ratcheted up further. Executives at TSB were deprived of their bonuses after the bill for a botched IT upgrade that locked nearly two million customers out of their accounts rose to 330 million pounds. Instead of awarding bonuses to executives, all TSB's remaining 8,300 staff received a bonus of 1,500 pounds for the year.
One of the biggest risk Banco de Sabadell, S.A. (BME:SAB) faces as a bank is bad loans, also known as credit risk. As a small cap stock in the heavily Read More...
Shares of Banco de Sabadell, S.A. (BME:SAB) will begin trading ex-dividend in 3 days. To qualify for the dividend check of €0.016 per share, investors must have owned the shares Read More...
Sabadell (SABE.MC) wants its British unit TSB to start buying other businesses once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday. Chairman Josep Oliu had said on Thursday Sabadell would in January present a plan to turn around TSB, which suffered a technology failure this year that will cost it some 320 million euros (285.16 million pounds). "The aim is that TSB enters into a process of consolidation in the future in Britain," Oliu said at an event in New York.
Spain's Sabadell (SABE.MC) has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday. Chairman Josep Oliu said on Thursday Sabadell wanted TSB to begin "a process of consolidation" in Britain, prompting speculation it could look to sell the business.
Jaime Guardiola Romojaro has been the CEO of Banco de Sabadell SA (BME:SAB) since 2007. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at Read More...
Costs from an IT outage at its British bank TSB hit Sabadell's (SABE.MC) third quarter earnings on Friday, but shares in the Spanish banking group rose as it exceeded forecasts. Sabadell said its third-quarter net profit had fallen 37 percent after a botched migration of TSB's systems in April prompted a regulatory investigation and the exit of its CEO. "Core revenues came in 4 percent above our estimates, with strong growth across net interest income and fees.
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, Banco de Sabadell SA (BME:SAB) Read More...
Britain's TSB bank saw a net loss of 16,641 current account customers in the second quarter of this year following a disastrous systems outage, data from Britain's payments authority Pay.UK showed on Wednesday. ...
Spanish bank shares fell sharply on Thursday after the Supreme Court ruled banks must pay stamp duty on mortgage loans, potentially costing them billions of euros in compensation and raising pressure on their lending business. "The Supreme Court states that the person who must pay the stamp duty in the public deeds of loans with mortgage guarantees is the lender, not the one who receives the loan," the court said in a document. The Supreme court ruling, which overturned a previous ruling from earlier this year, is now final and could leave banks potentially exposed to additional legal provisions, analysts said.
The head of the Catalonia region on Tuesday called on Spanish Prime Minister Pedro Sanchez to agree within a month on a self-determination mechanism for the region or his party would withdraw backing for Sanchez in the national parliament. "If there is no agreed mechanism by November, then the pro-independence parties will no longer guarantee stability in the Spanish parliament to Mr Pedro Sanchez," Quim Torra told the Catalan regional parliament.