CaixaBank (CAIXY) Projected to Announce Quarterly Earnings on Wednesday

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

CaixaBank Stock Up 3.0%

Shares of OTCMKTS:CAIXY opened at $4.85 on Wednesday. The stock’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.24. CaixaBank has a 12-month low of $2.87 and a 12-month high of $4.90.

Analysts Set New Price Targets

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