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

BANCO DE SABADELL (SAB)
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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
Stocks mentioned in the article
ChangeLast1st jan.
BANCO DE SABADELL 0.54% 1.39 End-of-day quote.-16.06%
CAIXABANK -0.53% 3.721 End-of-day quote.-4.32%
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Financials (€)
Sales 2018 5 106 M
EBIT 2018 1 942 M
Net income 2018 767 M
Debt 2018 -
Yield 2018 5,12%
P/E ratio 2018 10,62
P/E ratio 2019 8,49
Capi. / Sales 2018 1,52x
Capi. / Sales 2019 1,51x
Capitalization 7 779 M
Chart BANCO DE SABADELL
Duration : Period :
Banco de Sabadell Technical Analysis Chart | SAB | ES0113860A34 | 4-Traders
Technical analysis trends BANCO DE SABADELL
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 1,78 €
Spread / Average Target 28%
EPS Revisions
Managers
NameTitle
Jaime Guardiola Romojaro Managing Director & Executive Director
Josep Oliu Creus Executive Chairman
Rüdiger Schmidt Head-Global Information Technology & Operations
Tomás Varela i Muiña General Manager & Head-Finance
María Teresa García-Milà Lloveras Lead Independent Non-Executive Director
Sector and Competitors
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INDUSTRIAL AND COMMERCIAL BANK OF CHINA-16.45%270 604
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