April 30, 2024 06:03 GMT
Caixa 1Q24 Results Inline With Upgraded Guidance
FINANCIALS
Caixabank 1Q24 headlines (CABKSM, A3/A- pos/A-) look inline with a very small loan loss beat driving a 1-2% net profit beat. CET1 ratio marginally ahead and guidance has been upgraded (RoTE from >15% to >16%, NII from flat y/y to mid-single digit growth).
*CaixaBank 1Q-End CET1 Ratio 12.3% (cons: 12.2%)
*CAIXABANK 1Q NET INCOME EU1.01B, EST. EU988.3M
*CAIXABANK 1Q NET INTEREST INCOME EU2.78B, EST. EU2.73B
*Analysts Saw CaixaBank 1Q Gross Income at EUR3.47B (cons: 4.47bn)
*CAIXABANK RAISES 2024 ROTE TARGET TO >16%
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