- CaixaBank reported a second-quarter net income of €1.48 billion, surpassing the estimate of €1.38 billion.
- Net interest income stood at €2.64 billion, matching analyst expectations.
- The BPI unit recorded a net interest income of €214 million, slightly above the forecast of €211.2 million.
- Gross income for CaixaBank reached €4.03 billion, exceeding the estimated €3.98 billion.
- The BPI unit’s gross income was €320 million, surpassing the expected €310.3 million.
- Trading profit came in at €67 million, higher than the anticipated €60.9 million.
- For the first half of the year, net income totaled €2.95 billion.
- Analyst ratings included 12 buys, 10 holds, and 6 sells.
A look at CaixaBank SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.4 |
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, a banking institution that accepts deposits and offers a range of financial services, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With a high score of 5 in both Dividend and Growth categories, CaixaBank demonstrates strong potential for consistent dividend payouts and sustained growth. This indicates a positive outlook for investors seeking income generation and capital appreciation in the long run.
The company also scores well in the Value, Resilience, and Momentum categories, with scores of 4 in each. This suggests that CaixaBank is perceived favorably in terms of its financial health, ability to withstand market challenges, and overall market performance. Taken together, the Smartkarma Smart Scores paint a picture of CaixaBank as a solid investment choice with robust fundamentals and growth prospects for the future.
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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