Sabadell comanda las alzas de la banca europea en agosto
Cotiza a múltiplos algo exigentes tras marcar récord, pero recibe mejoras de precio objetivo gracias a la recompra de acciones. Leer
Banco Sabadell led the surge in European banking shares in August, with its stock surging 8.48% this month, according to wire material. The Spanish bank's shares reached a record high of 3.65 euros on Monday following eight consecutive days of gains. This marks a 25.4% increase over the next two years, with analysts suggesting that Sabadell needed to outperform significantly to sustain the rally.
The bank received a positive reception for its announcement of a 331 million euro share buyback, though Barclays cautioned that the stock is trading at lofty multiples due to higher execution risk.
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