CaixaBank Slides After 4Q Results Miss Expectations
01 2월 2019 - 6:04PM
Dow Jones News
By Pietro Lombardi
Shares in CaixaBank SA (CABK.MC) fell in early trade Friday
after the bank's fourth-quarter results missed analysts'
expectations.
Net profit for the period rose almost 11% on year to 217 million
euros ($249.1 million), undershooting analysts' expectations of a
EUR335 million net profit, according to a consensus forecast
provided by the bank.
Caixa shares traded 5.4% lower at 0817 GMT.
"All in, this was a weak set of results," Goldman Sachs said
Net interest income--the difference between what lenders earn
from loans and pay for deposits, and a key profit driver for retail
banks--was EUR1.24 billion, up from the EUR1.20 billion it reported
in the same period last year.
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.
Nathan Allen contributed to this story.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 01, 2019 03:49 ET (08:49 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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