CaixaBank (CAIXY) Projected to Post Earnings on Wednesday

CaixaBank (OTCMKTS:CAIXY) will likely be issuing its results before the market opens on Wednesday, July 29th. Analysts expect CaixaBank to announce earnings of $0.0824 per share and revenue of $4.7995 billion for the quarter.

CaixaBank Price Performance

CAIXY stock opened at $4.99 on Monday. The business has a fifty day moving average price of $4.59 and a 200 day moving average price of $4.26. CaixaBank has a fifty-two week low of $3.00 and a fifty-two week high of $5.02.

Analyst Upgrades and Downgrades

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

About CaixaBank

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.