CaixaBank Net Profit Rose in 4Q but Missed Expectations
01 February 2019 - 6:00PM
Dow Jones News
By Nathan Allen
CaixaBank SA (CABK.MC) said Friday that its net profit rose in
the fourth quarter but still missed analysts' expectations.
Net profit in the October-December period rose nearly 11% to 217
million euros ($249.1 million) from EUR196 million a year earlier,
the Spanish lender said. However, analysts had forecast profit of
EUR335 million, according to a consensus compiled by FactSet.
Net interest income--the difference between what banks earn on
loans and what they pay clients for deposits--edged up to EUR1.24
billion from EUR1.20 billion a year earlier, CaixaBank said.
CaixaBank declared a dividend of EUR0.10 a share to be paid in
April. This brings total shareholder remuneration for the year up
to EUR0.17 a share, the bank said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 01, 2019 01:45 ET (06:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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