CaixaBank (CAIXY) to Post Earnings on Wednesday

CaixaBank (OTCMKTS:CAIXY) is expected to be announcing its results before the market opens on Wednesday, July 29th. Analysts expect the company to post earnings of $0.0833 per share and revenue of $4.8102 billion for the quarter.

CaixaBank Price Performance

Shares of OTCMKTS:CAIXY opened at $4.85 on Wednesday. The company’s fifty day moving average price is $4.55 and its 200-day moving average price is $4.24. CaixaBank has a one year low of $2.87 and a one year high of $4.90.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a research note on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of CaixaBank in a report on Thursday, July 9th. Finally, Barclays upgraded CaixaBank from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.