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Caixabank 1Q24: Inline Figures, Spreads Have Already Performed Well

FINANCIALS

Caixabank 1Q24 results (CABKSM, A3/A- pos/A-) are very in line with expectations with credit metrics a touch better. CABK spreads have outperformed €IG peers YTD so perhaps there’s not enough here to drive that move further.


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Caixabank 1Q24 results (CABKSM, A3/A- pos/A-) are very in line with expectations with credit metrics a touch better. CABK spreads have outperformed €IG peers YTD so perhaps there’s not enough here to drive that move further.


Keep reading...Show less