- CaixaBank’s net income for the third quarter was €1.45 billion, surpassing the estimate of €1.43 billion.
- The bank’s net interest income was slightly below expectations at €2.67 billion, compared to the estimate of €2.68 billion.
- Gross income also exceeded projections, reaching €4.08 billion against an estimate of €4.03 billion.
- The BPI unit reported net interest income of €208 million, below the expected €214.6 million.
- BPI unit gross income was €294 million, under the forecasted €300.5 million.
- Pretax profit stood at €2.13 billion, beating the estimate of €2.1 billion.
- Trading profit was lower than expected at €44 million, against an estimate of €56.6 million.
- Non-interest expenses were €1.62 billion, slightly higher than the anticipated €1.61 billion.
- The common equity Tier 1 ratio was reported at 12.4%, below the estimate of 12.6%.
- The bad loans ratio improved to 2.3%, better than the estimated 2.37%.
- Non-performing loans coverage ratio was higher than expected, reaching 72% compared to an estimate of 70.5%.
- The leverage ratio outperformed expectations, recorded at 5.6% versus an estimate of 5.41%.
- Allowances for insolvency risk were €245.0 million, which was below the estimated €254 million.
- Analyst recommendations include 9 buys, 13 holds, and 5 sells for CaixaBank.
A look at CaixaBank SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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 provides a range of financial services, has a solid long-term outlook according to Smartkarma Smart Scores. With high scores in areas like Dividend, Growth, Resilience, and Momentum, the company is positioned positively on multiple fronts. A strong momentum score indicates a favorable trend that could continue in the future, while high scores in Growth and Resilience suggest a robust business model and potential for future expansion. Additionally, a solid Dividend score reflects the company’s ability to provide attractive returns to its shareholders.
In summary, CaixaBank SA‘s Smartkarma Smart Scores paint a promising picture for the company’s future prospects. With a diverse range of financial services offered, including portfolio management, insurance, and international banking services, CaixaBank is well-positioned to continue its positive trajectory in the long term, supported by its strong performance across key factors such as Dividend, Growth, Resilience, and Momentum.
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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