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| Name | Symbol | Market | Type |
|---|---|---|---|
| Caixabank (PK) | USOTC:CAIXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.77 | 1.77 | 1.81 | 1.79 | 1.74 | 1.76 | 90,075 | 21:00:06 |
From Jun 2019 to Jun 2024
By Pietro Lombardi and Carlo Martuscelli
CaixaBank SA (CABK.MC) said Thursday that third-quarter net profit rose while net interest income was flat in the third quarter.
Net profit for the period was 644 million euros ($716.1 million) compared with EUR470 million a year earlier, the Spanish bank said. Results for the third quarter of last year included a charge related to the sale of its stake in Repsol SA (REP.MC).
Gross income was EUR2.17 billion, down from EUR2.25 billion in the third quarter of 2018.
Analysts had expected a net profit of EUR564 million and gross income of EUR1.23 billion, according to a consensus provided by the bank.
Net interest income--the difference between what lenders earn from loans and pay for deposits, and a key profit driver for retail banks--was unchanged at EUR1.24 billion
CaixaBank's core Tier 1 ratio, a key measure of capital strength, was 11.4% at the end of September from 11.6% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 31, 2019 03:04 ET (07:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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