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Caixabank


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Spain's lower house approves tax package extending bank windfall tax

UPDATE 2-Spain's lower house approves tax package extending bank windfall tax Lawmakers back tax for big companies to comply with EU Banking tax sets rate range of 1%-7% for NII and fees Government pledges to work on a permanent energy tax Adds Sanchez comment, background in paragraphs 5-8 By David Latona MADRID, Nov 21 (Reuters) - Spanish lawmakers approved the government's new tax plans, which include extending a modified temporary levy on banks by three years, in a last-minute deal with small
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Caixabank will work with Angola to help take BFA public, CEO says

Caixabank will work with Angola to help take BFA public, CEO says MADRID, Nov 19 (Reuters) - Spain's Caixabank CABK.MC will work with the Angolan government to take the African country's lender BFA public, CEO Gonzalo Gortazar said on Tuesday. Caixabank holds an indirect stake of 48.1% in BFA via its Portuguese unit Banco BPI, while Angola's state-owned mobile telecoms firm Unitel holds the remaining 51.9%.
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Caixabank Is Not Planning Major Staff Cuts Nor Branches Closures In New Strategy, CEO Says

BRIEF-Caixabank Is Not Planning Major Staff Cuts Nor Branches Closures In New Strategy, CEO Says Nov 19 (Reuters) - Chief Executive Officer of Caixabank SA CABK.MC , Gonzalo Gortazar: BANK IS NOT PLANNING MAJOR STAFF CUTS NOR BRANCHES CLOSURES AS PART OF NEW STRATEGY Further company coverage: CABK.MC (Reporting By Madrid Newsroom)
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European stocks sink as investors flock to safety amid geopolitical jitters

UPDATE 3-European stocks sink as investors flock to safety amid geopolitical jitters STOXX 600 ends down 0.4% Nestle falls, plans to cut costs by $2.8 billion Rheinmetall gains after upbeat 2027 sales target Updates to closing levels By Ankika Biswas, Joao Manuel Vicente Mauricio and Pranav Kashyap Nov 19 (Reuters) - Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled by Russia lowering its threshold for a nuclear strike, sp
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CEO OF SPAIN'S CAIXABANK SAYS THE POTENTIAL EXTENSION AND IMPACT OF BANK WINDFALL TAX IS "COMPLEX", DIFFICULT TO ESTIMATE BECAUSE IT IS EVOLVING AS WE SPEAK

BRIEF-Caixabank's CEO: Our Three-Year Strategy Assumes There Will Be A Banking Tax Nov 19 (Reuters) - Chief Executive Officer of Caixabank SA CABK.MC , Gonzalo Gortazar: SAYS THE POTENTIAL EXTENSION AND IMPACT OF BANK WINDFALL TAX IS "COMPLEX", DIFFICULT TO ESTIMATE BECAUSE IT IS EVOLVING AS WE SPEAK IN OUR THREE-YEAR STRATEGIC PLAN WE ASSUME THAT
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Caixabank Says Is Not Planning Any Inorganic Growth In Three-Year Strategy

BRIEF-Caixabank Says Is Not Planning Any Inorganic Growth In Three-Year Strategy Nov 19 (Reuters) - Chief Executive Officer of Caixabank SA CABK.MC , Gonzalo Gortazar: BANK IS NOT CONTEMPLATING ANY INORGANIC GROWTH AS PART OF THREE-YEAR STRATEGIC PLAN SEES NEGATIVE BUT CONTAINED IMPACT FROM FLOODS MAINLY IN VALENCIA EXPECTS AN INCREASE OF NON-PERFO
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Caixabank falls after 2025-2027 strategic plan

BUZZ-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.
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Caixabank's CEO: As Soon As We Are Above Our Capital Targets, We Would Consider Buybacks

BRIEF-Caixabank's CEO: As Soon As We Are Above Our Capital Targets, We Would Consider Buybacks Nov 19 (Reuters) - Chief Executive Officer of Caixabank SA CABK.MC , Gonzalo Gortazar: SAYS AS SOON AS WE ARE ABOVE OUR CAPITAL TARGETS, WE WOULD CONSIDER SHARE BUYBACKS Further company coverage: CABK.MC (Reporting By Madrid Newsroom)
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Spanish stocks - Factors to watch on Nov 19

Spanish stocks - Factors to watch on Nov 19 Nov 19 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: CAIXABANK CABK.MC Spain's Caixabank CABK.MC on Tuesday said it aimed for a return on tangible equity ratio (ROTE) target of over 16% by end of 2027, down from a 16.9% in the third quarter of this year, as margins will come under pressure from lower interes
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Caixabank Starts Buy-Back Programme

BRIEF-Caixabank Starts Buy-Back Programme Nov 19 (Reuters) - Caixabank SA CABK.MC : STARTS BUY-BACK PROGRAMME Source text: ID:nCNM8XsXT6 nS8N3LM09B Further company coverage: CABK.MC (Gdansk Newsroom)
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Caixabank Reduces Share Capital By 93.1 Mln Euros

BRIEF-Caixabank Reduces Share Capital By 93.1 Mln Euros Nov 19 (Reuters) - Caixabank SA CABK.MC : TO CARRY OUT SHARE CAPITAL REDUCTION BY CANCELLING ALL TREASURY SHARES FROM BUY-BACK PROGRAM SHARE CAPITAL HAS BEEN REDUCED BY 93.1 MILLION EUROS SHARE CAPITAL THROUGH REDEMPTION OF 93.1 MILLION OWN SHARES, EACH WITH FACE VALUE OF 1 EURO, REPRESENTING
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Caixabank sets out plan to maintain profitability as interest rates fall

UPDATE 3-Caixabank sets out plan to maintain profitability as interest rates fall Sees sustainable ROTE of above 15% in 2025-2027 ROTE would be above 16% by end 2027 Raises threshold to remunerate shareholders to above 12.5% Sees net interest income at end 2027 similar to 2024 levels To invest 5 bln euros in IT over horizon Recasts to focus on bank's strategy to maintain profitability, adds share performance, details on costs, asset management growth, IT investments By Jesús Aguado MADRID, Nov
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Caixabank sees profitability at 15% in 2025-27, 16% by the end of 2027

Caixabank sees profitability at 15% in 2025-27, 16% by the end of 2027 MADRID, Nov 19 (Reuters) - Spain's Caixabank CABK.MC said on Tuesday it aimed for a return on tangible equity ratio (ROTE) target of more than 16% by the end of 2027 and above 15% on average over the 2025–2027 horizon, as it expects higher non-core banking revenues will partly cushion the pressure from lower interest rates.
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Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October

BRIEF-Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October Nov 14 (Reuters) - Bank of Spain: SPANISH BANKS' ECB BORROWING AT AROUND 0.175 BILLION EUROS IN OCTOBER Source text: https://tinyurl.com/2366nd5r (Gdansk Newsroom)
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Babcock International, Scout24 Kymmene Oyj

EUROPE RESEARCH ROUNDUP- Babcock International, Scout24 SE, UPM-Kymmene Oyj Nov 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Babcock International, Scout24 SE and UPM-Kymmene Oyj, on Thursday. HIGHLIGHTS * Babcock International BAB.L : Jefferies raises target price to 750p from 720p * Just Eat Takeaway.Com JETJ.L : HSBC raises target price to 1575p from 1430p * Scout24 SE G24n.DE : Berenberg raises target price to EUR 110 fro
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Carnival, Natwest Group, Unite Group

EUROPE RESEARCH ROUNDUP- Carnival, Natwest Group, Unite Group Nov 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Natwest Group and Unite Group, on Tuesday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays raises target price to 2000p from 1500p * Carnival Plc CCL.L : Morgan Stanley raises target price to 1550p from 1250p * GSK GSK.L : Jefferies cuts to hold from buy; cuts target price to 1525p from 2000p * Natwest Group Plc
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BBVA and other Spanish banks fall after Trump elected president

BUZZ-BBVA and other Spanish banks fall after Trump elected president ** Shares of Spanish bank BBVA BBVA.MC are down over 6% after Donald Trump was elected U.S. president, which could have impact in Mexico, its biggest market ** Nuria Alvarez, analyst at Madrid-based brokerage Renta 4, says the exposure of BBVA to Mexico is the main explanation for its slip on Wednesday, but adds the market is making a "negative and exaggerated interpretation" of U.S.
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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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