Caixabank falls after 2025-2027 strategic plan
** Shares in Spain's Caixabank CABK.MC drop ~2.8% after the bank presented its new 2025-2027 strategic plan on Tuesday
** Co is aiming for a return on tangible equity ratio (ROTE)-a measure of profitability- to average 15% in next three years; target is down from 16.9% at the end of Q3, but expects ROTE at the end of 2027 to climb back to above 16%
** J.P. Morgan says despite detailed, growth-focused targets, implied capital return falls short of its estimates; no material consensus estimate changes are expected following targets
** KBW says Caixabank is increasing CET1 ratio, while capital distribution targets are now less clear, and market digestion of the presentation may take time
** However, the broker says "big picture" remains unchanged and adds valuation is still "undemanding"
** Shares are under performing the IBEX35 index .IBEX, which is down 0.9%
** As of last close, stock was up 52.7% YTD
Reporting by Marta Serafinko
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