The quarterly results showed positive underlying trends. However, the latter were masked by the unexpected provisioning of the mortgage floors retroactive risk and oil price related impairments at Repsol. Also, the real estate burden remained a drag on profitability. Management’s guidance for 2016 points to top-line pressure but lower-than-previously envisaged cost of risk.
08 Feb 2016
EPS cuts on deteriorated macro-economic scenario
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EPS cuts on deteriorated macro-economic scenario
CaixaBank SA (CABK:WBO) | 0 0 1.0% | Mkt Cap: 24,117m
- Published:
08 Feb 2016 -
Author:
David Grinsztajn -
Pages:
3
The quarterly results showed positive underlying trends. However, the latter were masked by the unexpected provisioning of the mortgage floors retroactive risk and oil price related impairments at Repsol. Also, the real estate burden remained a drag on profitability. Management’s guidance for 2016 points to top-line pressure but lower-than-previously envisaged cost of risk.