CaixaBank enfila por primera vez los 100.000 millones de valor en Bolsa
Su fuerte escalada dispara a 16.800 millones de euros la valoración del paquete accionarial del 18% del capital en manos del Estado y heredado de Bankia. CaixaBank cotiza a múltiplos similares a los de JPMorgan, el mayor banco de Wall Street. Leer
Spain's CaixaBank has for the first time topped 100 billion euros in market capitalization, marking a historic milestone. The Spanish bank, which has been trading above its book value for the past decade, has seen a swift vertical rise in its valuation. Currently, CaixaBank trades at 7,000 million euros above its book value, nearly reaching the coveted 100 billion mark.
The bank's shares are valued at 2.40 times its book value, comparable to JPMorgan Chase, the king of Wall Street. In a recent rebound, the stock price recovered from a sharp 7.12% drop following the release of the second-quarter results. CaixaBank, with 44% of analysts recommending a buy, has paid out 3,499 million euros in dividends last year, representing nearly 60% of its profits.
The bank's performance is closely tied to Spain's economic growth, which is among the fastest in the eurozone. CaixaBank's dominance in highly commission-generating sectors like insurance and investment funds justifies its premium multiple. The bank's focus on the Iberian market, while limiting, is justified given the robust macroeconomic environment.
Spain is one of the few European countries that hasn't fully privatized its only nationalized bank since the 2008 crisis, aside from Germany's Commerzbank.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
