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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Banco de Sabadell    SAB   ES0113860A34

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Banco de Sabadell : Sabadell, Caixabank Shares Gain on Reports of Relocation

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10/05/2017 | 10:51am CEST
   By Marc Navarro Gonzalez 
 

Shares of Caixabank SA (>> CaixaBank) and Banco de Sabadell SA (>> Banco de Sabadell) trade higher on press reports that the Catalonia-based banks could relocate their head offices due to uncertainty surrounding a potential declaration of regional independence.

Caixabank trades 1.7% higher at EUR3.98 and Sabadell trades 3.7% higher at EUR1.65.

Spanish newspaper El Mundo reports that Caixabank will hold a meeting later on Thursday to discuss the potential temporary transfer of its registered office from Catalonia to the Balearic Islands--the bank's second-strongest region--to protect clients.

According to El Pais, Sabadell is also holding an extraordinary board meeting Thursday to discuss a potential temporary move, citing the bank. El Pais also said Madrid, Alicante and Oviedo are being considered as locations for Sabadell's new registration. New registration doesn't mean operations would be moved from Barcelona.

Sabadell couldn't be reached for comment. Caixabank declined to comment.

Shares in Spanish banks have been lower this week due to Catalonia's push for independence, which brought a contentious referendum over the weekend and a general strike on Tuesday.

Write to Marc Navarro at [email protected]

Stocks mentioned in the article : CaixaBank, Banco de Sabadell
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Financials (€)
Sales 2017 5 571 M
EBIT 2017 2 483 M
Net income 2017 876 M
Debt 2017 -
Yield 2017 3,73%
P/E ratio 2017 10,43
P/E ratio 2018 10,15
Capi. / Sales 2017 1,64x
Capi. / Sales 2018 1,75x
Capitalization 9 132 M
Chart BANCO DE SABADELL
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Banco de Sabadell Technical Analysis Chart | SAB | ES0113860A34 | 4-Traders
Technical analysis trends BANCO DE SABADELL
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 1,77 €
Spread / Average Target 9,1%
EPS Revisions
Managers
NameTitle
Jaime Guardiola Romojaro Managing Director & Executive Director
Josep Oliu Creus Executive Chairman
Joan M. Grumé Sierra Head-Corporate Operations
Tomás Varela i Muiña General Manager & Head-Finance
Rüdiger Schmidt Head-Global Information Technology & Operations
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