- CaixaBank’s net income surged by 46% year-over-year to €1.47 billion, surpassing the estimated €1.17 billion.
- Net interest income slightly decreased by 4.9% year-over-year to €2.65 billion, just below the estimated €2.7 billion.
- The BPI unit’s net interest income fell by 11% year-over-year to €216.0 million, not meeting the estimated €225.1 million.
- Gross income rose 15% year-over-year to €4.01 billion, exceeding the estimate of €3.74 billion.
- The BPI unit’s gross income dropped by 8.9% year-over-year to €287.0 million, below the projected €301.4 million.
- Pretax profit increased by 35% year-over-year to €2.19 billion, higher than the €1.85 billion estimate.
- Trading profit improved by 13% year-over-year to €69 million, above the estimated €58.1 million.
- Non-interest expenses increased by 4.8% year-over-year to €1.58 billion, aligning with estimates.
- The Common Equity Tier 1 ratio edged up to 12.5%, matching estimates and improving from the previous quarter’s 12.2%.
- The bad loans ratio decreased slightly to 2.5%, better than the estimated 2.61% and the previous quarter’s 2.6%.
- The NPL (Non-Performing Loan) coverage ratio increased to 70%, surpassing the 69.5% estimate and the prior quarter’s 69%.
- The leverage ratio was 5.7%, exceeding the estimated 5.45%.
- Allowances for insolvency risk fell by 27% year-over-year to €195 million.
- Analyst recommendations: 13 buys, 11 holds, and 5 sells.
A look at CaixaBank SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CaixaBank SA seems to have a positive long-term outlook according to Smartkarma Smart Scores. With high scores in Dividend and Momentum, the company seems to be in a strong position to provide consistent returns to its investors while also showing strong growth potential. Additionally, its Value and Resilience scores indicate that the company is undervalued and has the ability to withstand economic challenges. This suggests a promising future for CaixaBank SA in the banking sector.
CaixaBank SA, a financial institution that accepts deposits and offers a range of banking services, including portfolio management, insurance, and international banking services, seems well-positioned for growth and stability. Its high scores in key areas such as Dividend and Momentum indicate a positive outlook for the company’s performance in the long term. Combined with its capabilities in providing specialized financial services, CaixaBank SA appears to be a reputable choice for investors seeking steady returns and potential growth opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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