The first quarter beat was attributable to non-recurring gains while the further CET1 squeeze is unwelcomed for a group already considered as significantly under-capitalised. However, management reiterated its full-year guidance which confirms that the troubles are now definitely behind.
26 Apr 2019
Capital position: the worst should be behind
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Capital position: the worst should be behind
Banco de Sabadell SA (SAB:WBO) | 0 0 0.8% | Mkt Cap: 10,227m
- Published:
26 Apr 2019 -
Author:
David Grinsztajn -
Pages:
2
The first quarter beat was attributable to non-recurring gains while the further CET1 squeeze is unwelcomed for a group already considered as significantly under-capitalised. However, management reiterated its full-year guidance which confirms that the troubles are now definitely behind.