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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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Spanish stocks - Factors to watch on Oct 31

Spanish stocks - Factors to watch on Oct 31 Oct 31 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: CAIXABANK CABK.MC Spain's Caixabank said on Thursday its net profit rose 3% in the third quarter from the same period in 2023 thanks to lower provisions and still higher lending income.
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BBVA beats Q3 profit forecast on Spain, but lending income under pressure

UPDATE 3-Mexico weakness take shine off BBVA's Q3 profit beat Q3 net profit up 26% to 2.63 bln euros, above forecast Q3 NII falls 9% to 5.87 bln, below analyst forecasts Q3 net profit in Spain up 23.4% y/y, in Mexico down 2.4% Spanish bank shares fall on NII, banking levy worries Recasts to focus on Mexico in paragraph 1, adds information on other Spanish banks, banking tax in 8-9 By Jesús Aguado MADRID, Oct 31 (Reuters) - Weak results in BBVA's BBVA.MC top market of Mexico took the shine off a
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Caixabank's lending income hit by lower rates, unveils share buyback

UPDATE 2-Caixabank's lending income hit by lower rates, unveils share buyback Net profit up 3% to 1.57 bln euros, beats forecasts Q3 NII up 2% y/y and stable compared to previous quarter Expects NII above 11 bln euros in 2024, in line with guidance Caixabank announces new share buyback programme of 500 mln euros Releads with net interest income in paragraph 1 By Jesús Aguado MADRID, Oct 31 (Reuters) - Lending income at Spain's Caixabank CAKB.MC came under pressure in the third quarter from lowe
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Caixabank Says Board Approves Distribution Of Interim Dividend Of 14.88 Cents/Share Gross

BRIEF-Caixabank Says Board Approves Distribution Of Interim Dividend Of 14.88 Cents/Share Gross Oct 31 (Reuters) - Caixabank SA CABK.MC : BOARD APPROVES DISTRIBUTION OF AN INTERIM DIVIDEND OF GROSS AMOUNT OF 14.88 CENTS PER SHARE Source text: ID:nCNM3g56R0 Further company coverage: CABK.MC (Gdansk Newsroom)
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Caixabank's Q3 net profit rises 3% from same period in 2023

Caixabank's Q3 net profit rises 3% from same period in 2023 MADRID, Oct 31 (Reuters) - Spain's Caixabank CABK.MC said on Thursday its net profit rose 3% in the third quarter from the same period in 2023 thanks to lower provisions. The lender reported a net profit of 1.57 billion euros ($1.70 billion) in the July to September period compared to 1.52 billion euros in the third quarter last year.
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Caixabank Q3 Net Profit 1.57 Bln Euro

BRIEF-Caixabank Q3 Net Profit 1.57 Bln Euro Oct 31 (Reuters) - Caixabank SA CABK.MC : Q3 NET INTEREST INCOME 2.79 BILLION EUROS Q3 NET PROFIT 1.57 BILLION EURO BAD LOAN RATIO 2.7% AT END-SEPTEMBER RETURN ON TANGIBLE EQUITY (ROTE) 16.9% AT END-SEPTEMBER CORE TIER 1 CAPITAL RATIO 12.2% AT END-SEPTEMBER ANNOUNCES SHARE BUYBACK PROGRAMME FOR €500 MIL
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Caixabank Appoints Tomas Muniesa As Non-Executive Chairman Effective Form Jan 1, 2025

BRIEF-Caixabank Appoints Tomas Muniesa As Non-Executive Chairman Effective Form Jan 1, 2025 Oct 30 (Reuters) - Caixabank SA CABK.MC : AGREES TO APPOINT MR. TOMAS MUNIESA ARANTEGUI AS CHAIRMAN OF CAIXABANK APPOINTMENT TO COME INTO EFFECT ON JAN 1, 2025 JOSÉ IGNACIO GOIRIGOLZARRI TELLAECHE EXPRESSED THAT HE IS INTENDING NOT TO RENEW HIS MANDATE FROM
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Caixabank's Chairman to resign at today's board meeting, source says

Caixabank's Chairman to resign at today's board meeting, source says MADRID, Oct 30 (Reuters) - Spanish Caixabank's CABK.MC Executive Chairman Jose Ignacio Goirigolzarri is set to announce his resignation on Wednesday, a source with knowledge of the matter said. "He will voluntary step down as chairman and hand in his resignation at a board meeting later on Wednesday," the source said, confirming an earlier report by Spanish newspaper La Vanguardia.
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Spanish stocks - Factors to watch on Oct. 30

UPDATE 1-Spanish stocks - Factors to watch on Oct. 30 Adds Caixabank Oct 30 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednes day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: C AIXABANK CABK.MC Spanish bank Caixabank's Executive Chairman Jose Ignacio Goirigolzarri is set to announce his resignation on Wednesday, newspaper La Vanguardia reported, citing several unidentified sources.
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Caixabank chairman to be replaced by deputy, source says

UPDATE 3-Spain's Caixabank appoints Tomas Muniesa as non-executive chairman Jose Ignacio Goirigolzarri resigns Deputy Chairman Tomas Muniesa to take over from start of 2025 CEO Gonzalo Gortazar will hold exclusive executive powers Bank is due to release strategic plan on Nov 19 Adds confirmation from Caixabank By Jesús Aguado MADRID, Oct 30 (Reuters) - The deputy chairman of Caixabank CABK.MC , Tomas Muniesa, will succeed Jose Ignacio Goirigolzarri as chairman of Spain's biggest lender by domes
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Caixabank's Chairman to step down, newspaper La Vanguardia reports

Caixabank's Chairman to step down, newspaper La Vanguardia reports MADRID, Oct 30 (Reuters) - Spanish bank Caixabank's CABK.MC Chairman Jose Ignacio Goirigolzarri is set to announce his resignation on Wednesday, newspaper La Vanguardia reported, citing several unidentified sources. Even though the reshuffle at the top of Spain's biggest lender by domestic assets may not have immediate effect, the name of his successor may be disclosed as early as Wednesday, the paper said.
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Spanish banks Q3 earnings season ready to kick off

LIVE MARKETS-Spanish banks Q3 earnings season ready to kick off U.S. equity indexes red: Nasdaq off most, down ~1.65% Tech weakest S&P sector; Real Estate leads gainers Dollar up; gold down ~1%; crude down >1.5%; bitcoin off >2.5% U.S. 10-Year Treasury yield edges up to ~4.23% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Adecco, Bodycote, LVMH

EUROPE RESEARCH ROUNDUP-Adecco, Bodycote, LVMH Oct 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adecco, Bodycote and LVMH, on Wednesday. HIGHLIGHTS * Adecco ADEN.S : Deutsche Bank raises to buy from hold * Bodycote Plc BOY.L : JP Morgan cuts target price to 670p from 750p * DNB Bank ASA DNB.OL : JP Morgan raises target price to NOK 230 from NOK 220 * Fabege AB FABG.ST : Kepler Cheuvreux raises to buy from hold * LVMH LVMH.PA
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Barratt Redrow, Genuit Group, Munich Re

EUROPE RESEARCH ROUNDUP-Barratt Redrow, Genuit Group, Munich Re Oct 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Barratt Redrow, Genuit Group and Munich Re, on Monday. HIGHLIGHTS * Barratt Redrow Plc BTRW.L : Morgan Stanley raises to overweight from equal-weight * Genuit Group Plc GENG.L : JP Morgan initiates coverage with neutral rating; PT 535p * Intertek ITRK.L : RBC cuts to sector perform from outperform * Munich Re MUVGn.
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Barclays cuts Caixabank and Bankinter on rate sensitivity

BUZZ-Barclays cuts Caixabank and Bankinter on rate sensitivity ** Barclays cuts Spain's Caixabank CABK.MC to "equal-weight" from "overweight" and Bankinter BKT.MC to "underweight" from "equal-weight" as interest rates are expected to decline further ** It lowers Spanish banks net interest income estimates by around -2% on average in 2025 and -1% in
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Spanish stocks - Factors to watch on October 21

UPDATE 1-Spanish stocks - Factors to watch on October 21 Adds entry on Talgo Oct 21 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: TALGO TLGO.MC The firm said on Monday it had started negotiations with Sidenor to analyse a possible transaction on the company's share capital.
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Spanish stocks - Factors to watch on October 21

Spanish stocks - Factors to watch on October 21 Oct 21 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: LINEA DIRECTA LDA.MC The company said on Monday its nine-month net result turned to a profit of 40.7 million euros from a loss of 12.5 million euros one year ago.
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