Madrid, May 8 (Eficom) .- Sabadell Bank rises more than 2 % in the stock market after presenting its results of the first quarter in which it obtained a net profit of 489 million euros, an increase of 58.6 % year-on-year.
Minutes after the market opening, the price of Sabadell’s shares are located at 2,606 euros, and are the ones that go up the Spanish selective, Ibex 35, which falls 0.20 %, and is found in 13,456 points.
Sabadell, which is in the process of OPA by the BBVA, has justified its good results in the impulse received by the evolution of commercial activity, the improvement of the quality of the assets and a decrease in provisions.
Last Tuesday, the Ministry of Economy opened one until May 16 for citizens, organizations and economic agents to express their opinion around the BBVA OPA on Banco Sabadell.
The 4 Nuria Álvarez Income Analyst has highlighted the positive reaction of the contribution by collecting solid figures, aligned to comply with the guides, the improvement of the remuneration and the good behavior of the historical financial information of the entity, which together with the evolution of the volumes supports an improvement of the client’s room.
Álvarez has opted for raising the value, and has placed the target price of the share at 3.18 euros.
From Bankinter, analyst Rafael Alonso has also advanced that Sabadell’s action improving remuneration for shareholders, and has placed the target price of the action by 2.75 euros.
The advance of Sabadell has promoted increases in the rest of the banks. Unicaja advances 1.76 %, Santander 1.13 %, BBVA 0.96 %, Caixabank 0.87 %and Bankinter 0.72 %. Effect
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