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CAIXY Caixabank (PK)

1.75
-0.005 (-0.28%)
Last Updated: 19:41:33
Delayed by 15 minutes
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
  -0.005 -0.28% 1.75 1.71 1.79 1.758 1.72 1.745 35,700 19:41:33

CaixaBank Net Profit Rose in 4Q but Missed Expectations

01/02/2019 7:00am

Dow Jones News


Caixabank (PK) (USOTC:CAIXY)
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From May 2019 to May 2024

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   By Nathan Allen 
 

CaixaBank SA (CABK.MC) said Friday that its net profit rose in the fourth quarter but still missed analysts' expectations.

Net profit in the October-December period rose nearly 11% to 217 million euros ($249.1 million) from EUR196 million a year earlier, the Spanish lender said. However, analysts had forecast profit of EUR335 million, according to a consensus compiled by FactSet.

Net interest income--the difference between what banks earn on loans and what they pay clients for deposits--edged up to EUR1.24 billion from EUR1.20 billion a year earlier, CaixaBank said.

CaixaBank declared a dividend of EUR0.10 a share to be paid in April. This brings total shareholder remuneration for the year up to EUR0.17 a share, the bank said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

February 01, 2019 01:45 ET (06:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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