Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  CaixaBank    CABK   ES0140609019

CAIXABANK (CABK)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

European shares stay near highs as Spanish sell-off eases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/03/2017 | 06:04pm CEST
The German share price index, DAX board, is seen at the stock exchange in Frankfurt

European shares hovered around three-month highs on Tuesday as a sell-off in Spanish stocks eased and financials gained as Wall Street set fresh records.

The pan-European STOXX 600 <.STOXX> index ended the session up 0.2 percent, with Germany closed for a holiday.

Spain's blue chip index <.IBEX> was flat in percentage terms as Madrid and Catalonia appeared to carefully weigh their next steps following Sunday's independence referendum, which the central government has declared illegal.

Catalonia's secessionist leader called for international mediation while Spanish Prime Minister Mariano Rajoy said he was seeking a joint response to the crisis after meeting leaders of other political parties.

Catalonia-based banks Sabadell (>> Banco de Sabadell) and Caixa (>> CaixaBank) traded up 0.1 percent and 1.6 percent respectively, having both been hit hard by concerns surrounding Spain's worst constitutional crisis in decades.

Sabadell and Caixa have the biggest exposure among Spanish banks to private sector loans in the wealthy Catalonia region, while Santander (>> Banco Santander), up 0.2 pct, and Unicaja (>> Unicaja Banco SA), up 1 percent, have the lowest.

Spanish utility Iberdrola (>> Iberdrola) fell 1.3 percent after JP Morgan downgraded the stock to neutral, saying political uncertainty in the euro zone country added to a list of headwinds, even though its Catalan assets are very small.

"We believe that the Catalan conflict adds uncertainty to the Spanish political situation, raising questions about the likely timing of elections ... regulatory decisions and the macro outlook," JPMorgan analyst Javier Garrido said in a note.

Garrido also downgraded Red Electrica (>> Red Eléctrica de España) to neutral, describing the firm as the "best utility proxy of political risk in Spain." Red Electrica shares fell 0.9 percent.

Growing political worries in Spain have weighed on the euro and pushed Madrid's borrowing costs higher but their effect on European equities has remained confined to Spain so far.

"The euro and peripheral spreads have been hit by events in Spain, but European bourses have made another step towards resistance levels," said Anthilia fund manager Giuseppe Sersale.

Only two months ago the IBEX was the best-performing country benchmark in Europe. Now Italy's FTSE MIB <.FTMIB> is the front-runner to end 2017 as top gainer, followed by Germany's DAX <.GDAXI>.

Financials and materials stocks also provided a sizeable boost to STOXX 600, offsetting weaker utilities.

Ferguson (>> Ferguson Plc) was among the biggest STOXX gainers, up 4 percent after the British heating and plumbing products supplier reported a rise in trading profit and announced a share buyback plan.

(Reporting by Danilo Masoni and Kit Rees; Editing by Toby Davis)

By Danilo Masoni and Kit Rees

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CAIXABANK
10/20 CAIXABANK : Catalans’ cash statement
10/20 CAIXABANK : Spain's main parties agree new Catalan election needed
10/20 CAIXABANK : Pro-independence Catalans make cash withdrawals in protest
10/18 Hochtief CEO says felt no political pressure to launch Abertis bid
10/18 European shares rise as third-quarter earnings roll in, Catalonia weighs on I..
10/18 CAIXABANK : Apple Pay now available to CaixaBank and imaginBank customers offeri..
10/17 Exclusive - Banco Sabadell mulls moving top management from Catalonia
10/17 CAIXABANK : to hold a presentation on its 3rd quarter results for 2017.
10/14 CAIXABANK : Catalonia faces economic downturn in secession crisis
10/13 CAIXABANK : DBRS Publishes Commentary on Caixabank and Sabadell's Office Moves
More news
News from SeekingAlpha
10/15 Will Banco Santander Suffer From The Spanish Constitutional Crisis?
10/08 THE NEST EGG PORTFOLIO : About Vodafone And The Tensions In Catalonia
09/10 THE NEST EGG PORTFOLIO : Dividend Queen Or Dividend Trap?
08/24 CAIXABANK : Still A Buy After Significant Gain
07/13 Time To Sell Lloyds Banking Group
Financials (€)
Sales 2017 8 178 M
EBIT 2017 3 562 M
Net income 2017 1 661 M
Debt 2017 -
Yield 2017 3,61%
P/E ratio 2017 13,70
P/E ratio 2018 10,63
Capi. / Sales 2017 2,82x
Capi. / Sales 2018 2,75x
Capitalization 23 082 M
Chart CAIXABANK
Duration : Period :
CaixaBank Technical Analysis Chart | CABK | ES0140609019 | 4-Traders
Technical analysis trends CAIXABANK
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 4,33 €
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Gonzalo Gortázar Rotaeche Chief Executive Officer & Executive Director
Jordi Gual Chairman
Javier Pano Riera Head-Finance
Juan Rosell Lastortras Independent Director
Francesc Xavier Vives Torrents Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CAIXABANK22.90%27 198
JP MORGAN CHASE & COMPANY15.32%350 172
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD41.50%324 236
BANK OF AMERICA22.94%286 659
WELLS FARGO-0.34%270 639
CHINA CONSTRUCTION BANK CORPORATION34.01%239 293