JB Capital and Citi see Mapfre, Sabadell and Unicaja's potential exhausted
JB Capital Markets and Citi raise target prices for Mapfre, Sabadell and Unicaja, but the upside potential is minimal or negative.
Latest banks news
12 articles
Invesco expects the Spanish Stock Market to continue growing in H2 2026, driven by banking and energy sectors. Reduces exposure to Taiwan and Korea due to high valuations.
JB Capital Markets and Citi raise target prices for Mapfre, Sabadell and Unicaja, but the upside potential is minimal or negative.
Spanish banking profitability rose to 17.33% in Q1 2026, driven by extraordinary gains such as Santander's sale in Poland.
Spanish banks achieve a CET1 of 14.26% and delinquency drops to 2.61%, a historic low. Real profitability stands at 14.78%.
The Bank of Spain is finalising a proposal to ease mortgage restrictions for young people and low incomes to improve access to housing.
ING acquires 40% of Singular Bank, while Actinver and ProA also join the capital. The management team increases its stake to 15%.
The Bank of Spain estimates losses from bank fraud at 500 million in a year. Kaspersky reveals the average loss is 577 euros and 68.8% of victims do not report.
The Ibex 35 nears 20,000 points, a historic milestone driven by banking and corporate profits, though with low household participation and high sector concentration.
The Ibex 35 closes at 19,852 points, just shy of 20,000, after a 2.2% weekly rise. Banking drives the rally, but earnings and external factors will shape the week.
Banxico published Circular 8/2026 allowing it to buy Bondes F and CETES to inject liquidity, with a limit of 100 billion pesos. Not Quantitative Easing.
The Bank of Spain clarifies that the surviving holder of a joint account cannot access the money without consent from all heirs.
Banco de la República raises rates to 12% with internal division: four votes in favour, two for reduction and one to maintain.