Bankia is a financial institution based in Spain. Co. is primarily engaged in operations in the banking sector. Co.'s business operations are structured into seven areas: Retail Banking, Business Banking, Private Banking, Asset Management and Bancassurance, Capital Markets and Holdings. Co. offers financial products and services to various customer segments, such as individuals, small and medium enterprises, large corporations, as well as public and private institutions. As of Dec 31 2014, Co. had total assets and total customer deposits of Euro233,648,603,000 and Euro106,806,698,000 respectively.
  • TickerBKIA
  • ISINES0113307062
  • ExchangeMadrid Stock Exchange
  • SectorBanks
  • CountrySpain

Analysts

Esther Castro

BANKIA: MENSAJES DE LA CONFERENCE CALL RDOS. 3T'19 (ANÁLISIS BANCO SABADELL)

A continuación destacamos los principales mensajes del Conference Call de Rdos. 3T’19 que acaba de terminar:  Objetivos’19. (i) la entidad ha mencionado que 2019 finalizaría con un M. Intereses unos c. -10 M euros por debajo de 2018 (2.038 M euros en IFRS 16). Ello supondría según nuestros cálculos una referencia de que pivotase sobre los 2.030 M euros, (ii) las comisiones crecerían un +1% vs 2018 apoyadas por el buen comportamiento de la entrada de fondos de inversión y (iii) los costes alcanzarían las sinergias máximas de 210 M euros previstas en 2019. Todo ello dejaría un cálculo de un cre...

Esther Castro

BANKIA: 3Q'19 RESULTS (ANÁLISIS BANCO SABADELL)

3Q'19 vs. 3Q'18 Results N.I.I.: € 502.0 M (+1.4% vs. +1.5% BS(e) and +1.8% consensus); Total Revenues: € 875.0 M (+1.2% vs. -3.7% BS(e) and -3.1% consensus); Operating Profit: € 417.0 M (+2.5% vs. -6.5% BS(e) and -6.4% consensus); Net Profit: € 176.0 M (-23.1% vs. -28.1% BS(e) and -23.6% consensus); 3Q'19 vs. 2Q'19 Results N.I.I.: € 502.0 M (-2.7% vs. -2.6% BS(e) and -2.3% consensus); Total Revenues: € 875.0 M (+2.0% vs. -2.9% BS(e) and -2.3% consensus); Operating Profit: € 417.0 M (+3.7% vs. -5.4% BS(e) and -5.2% consensus); Net Profit: € 176.0 M (-9.8% in 2Q'19 vs. -15.6% BS(e) and -10.3% co...

Esther Castro

BANKIA: RDOS. 3T'19 (ANÁLISIS BANCO SABADELL)

Rdos. 3T'19 vs 3T'18: M. Intereses: 502,0 M euros (+1,4% vs +1,5% BS(e) y +1,8% consenso); M. Bruto: 875,0 M euros (+1,2% vs -3,7% BS(e) y -3,1% consenso); M. Neto: 417,0 M euros (+2,5% vs -6,5% BS(e) y -6,4% consenso); BDI: 176,0 M euros (-23,1% vs -28,1% BS(e) y -23,6% consenso). Rdos. 3T'19 vs 2T'19: M. Intereses: 502,0 M euros (-2,7% vs -2,6% BS(e) y -2,3% consenso); M. Bruto: 875,0 M euros (+2,0% vs -2,9% BS(e) y -2,3% consenso); M. Neto: 417,0 M euros (+3,7% vs -5,4% BS(e) y -5,2% consenso); BDI: 176,0 M euros (-9,8% en 2T'19 vs -15,6% BS(e) y -10,3% consenso). Ha presentado Rdos. que ...

Research Department

IBERIAN DAILY 28 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BANKIA, COLONIAL, ELECTRICITY & GAS SECTOR, ENDESA, FERROVIAL, IAG, LAR ESPAÑA, LIBERBANK, MELIÁ, MERLIN PROPERTIES, OHL MARKETS YESTERDAY AND TODAY Anheuser shakes the Food sector European stock markets consolidated highs from the 1Q’18. The Euro STOXX showed a mixed performance, with Retail and Basic Resources being the best performers vs. the drops of Food (Anheuser-Busch shed -10.7% after its results) and Technology. On the macroeconomic level, in Germany October’s IFO came in slightly above expectations although suggesting slowdown in the 4Q’19 GDP vs. 0.4% y/y expected ...

Research Department

INFORME DIARIO 28 OCTUBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BANKIA, ENDESA, FERROVIAL, IAG, MELIA, OHL, SECTOR ELÉCTRICO Y GAS ESPAÑA, SECTOR SOCIMIS, UNICAJA. EUROPA: LVMH. Anheuser sacude Alimentación Las bolsas europeas consolidaron los máximos desde 1T’18. El Euro STOXX presentó un comportamiento bastante mixto, siendo Retail y R. Básicos los mejores del día frente a las caídas de Alimentación (después de que Anheuser-Busch perdiese un -10,7% tras los resultados) y Tecnología. Por el lado macro, en Alemania el IFO de octubre estuvo ligeramente por encima de las expectativas aunque perfilaría un PIB en...

Bankia, S.A.: Update to credit analysis

Our credit view of Bankia, reflecting its improving credit fundamentals despite high problematic exposures and downward pressure on recurring profitability.

Moody's announces completion of a periodic review of ratings of Bankia, S.A.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bankia, S.A. Global Credit Research- 13 Jun 2019. Madrid, June 13, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Bankia, S.A. and other ratings that are associated with the same analytical unit.

Bankia, S.A.: Update to credit analysis

Our credit view of Bankia, reflecting its improving credit fundamentals despite high problematic exposures and downward pressure on recurring profitability.

Bankia, S.A.: Bankia’s disposal of nonperforming assets is credit positive

The sale allows the bank to offload assets that have weighed on its asset risk and profitability metrics.

Bankia, S.A.: Update to credit analysis

Our credit view of Bankia, reflecting its improving credit fundamentals despite the high level of problematic exposures and downward pressure on recurring profitability.

Esther Castro

BANKIA: MENSAJES DE LA CONFERENCE CALL RDOS. 3T'19 (ANÁLISIS BANCO SABADELL)

A continuación destacamos los principales mensajes del Conference Call de Rdos. 3T’19 que acaba de terminar:  Objetivos’19. (i) la entidad ha mencionado que 2019 finalizaría con un M. Intereses unos c. -10 M euros por debajo de 2018 (2.038 M euros en IFRS 16). Ello supondría según nuestros cálculos una referencia de que pivotase sobre los 2.030 M euros, (ii) las comisiones crecerían un +1% vs 2018 apoyadas por el buen comportamiento de la entrada de fondos de inversión y (iii) los costes alcanzarían las sinergias máximas de 210 M euros previstas en 2019. Todo ello dejaría un cálculo de un cre...

Esther Castro

BANKIA: 3Q'19 RESULTS (ANÁLISIS BANCO SABADELL)

3Q'19 vs. 3Q'18 Results N.I.I.: € 502.0 M (+1.4% vs. +1.5% BS(e) and +1.8% consensus); Total Revenues: € 875.0 M (+1.2% vs. -3.7% BS(e) and -3.1% consensus); Operating Profit: € 417.0 M (+2.5% vs. -6.5% BS(e) and -6.4% consensus); Net Profit: € 176.0 M (-23.1% vs. -28.1% BS(e) and -23.6% consensus); 3Q'19 vs. 2Q'19 Results N.I.I.: € 502.0 M (-2.7% vs. -2.6% BS(e) and -2.3% consensus); Total Revenues: € 875.0 M (+2.0% vs. -2.9% BS(e) and -2.3% consensus); Operating Profit: € 417.0 M (+3.7% vs. -5.4% BS(e) and -5.2% consensus); Net Profit: € 176.0 M (-9.8% in 2Q'19 vs. -15.6% BS(e) and -10.3% co...

Esther Castro

BANKIA: RDOS. 3T'19 (ANÁLISIS BANCO SABADELL)

Rdos. 3T'19 vs 3T'18: M. Intereses: 502,0 M euros (+1,4% vs +1,5% BS(e) y +1,8% consenso); M. Bruto: 875,0 M euros (+1,2% vs -3,7% BS(e) y -3,1% consenso); M. Neto: 417,0 M euros (+2,5% vs -6,5% BS(e) y -6,4% consenso); BDI: 176,0 M euros (-23,1% vs -28,1% BS(e) y -23,6% consenso). Rdos. 3T'19 vs 2T'19: M. Intereses: 502,0 M euros (-2,7% vs -2,6% BS(e) y -2,3% consenso); M. Bruto: 875,0 M euros (+2,0% vs -2,9% BS(e) y -2,3% consenso); M. Neto: 417,0 M euros (+3,7% vs -5,4% BS(e) y -5,2% consenso); BDI: 176,0 M euros (-9,8% en 2T'19 vs -15,6% BS(e) y -10,3% consenso). Ha presentado Rdos. que ...

Research Department

IBERIAN DAILY 28 OCTOBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BANKIA, COLONIAL, ELECTRICITY & GAS SECTOR, ENDESA, FERROVIAL, IAG, LAR ESPAÑA, LIBERBANK, MELIÁ, MERLIN PROPERTIES, OHL MARKETS YESTERDAY AND TODAY Anheuser shakes the Food sector European stock markets consolidated highs from the 1Q’18. The Euro STOXX showed a mixed performance, with Retail and Basic Resources being the best performers vs. the drops of Food (Anheuser-Busch shed -10.7% after its results) and Technology. On the macroeconomic level, in Germany October’s IFO came in slightly above expectations although suggesting slowdown in the 4Q’19 GDP vs. 0.4% y/y expected ...

Research Department

INFORME DIARIO 28 OCTUBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BANKIA, ENDESA, FERROVIAL, IAG, MELIA, OHL, SECTOR ELÉCTRICO Y GAS ESPAÑA, SECTOR SOCIMIS, UNICAJA. EUROPA: LVMH. Anheuser sacude Alimentación Las bolsas europeas consolidaron los máximos desde 1T’18. El Euro STOXX presentó un comportamiento bastante mixto, siendo Retail y R. Básicos los mejores del día frente a las caídas de Alimentación (después de que Anheuser-Busch perdiese un -10,7% tras los resultados) y Tecnología. Por el lado macro, en Alemania el IFO de octubre estuvo ligeramente por encima de las expectativas aunque perfilaría un PIB en...

1 director bought

A director at Bankia Sa bought 8,967 shares at 2.800EUR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Thanks to a better fundamental star rating, BANKIA SA sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to BANKIA SA (ES), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date October 15, 2019, the closing price was EUR 1.79 and its expected value was estimated at EUR 1.72.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carine Maciol

Bankia : Credit Opinion lowered to Stable on improved credit fundamentals but reduced upside potential; Neutral Market Recommendations

Our credit opinion has been Positive on Bankia since mid-2017 as we expected the combined effects of the solid performance of the Spanish economy, the good execution of the bank’s strategy and its stronger market positions through the acquisition of BMN would improve the bank’s credit profile. Our expectations have materialised, and we now see more limited room for improvement in the bank’s (stronger) credit fundamentals, considering the expected continued strengthening in asset ...

Esther Castro ...
  • Maria Paz Ojeda

BANKING SECTOR REPORT: IRPH - EYES ON CABK AND BKIA (ANÁLISIS BANCO SABADELL)

Cuts in BKIA and CABK and analysis of impact from IRPH. We cut our estimates and T.P. for the two hardest hit banks by IRPH (CABK and BKIA), updating our 12M Euribor hypotheses (to -35bps/-40bps for Dec’19 and ’20, around -20bps vs. our previous estimate), and obtaining new references of € 3.26/sh. (-8% vs. previous T.P.) and € 2.07/sh. (-21% vs. previous T.P.). We stress that on the 10th of September we will learn the opinion of the advocate general of the European Court of Justice (ECJ) on the IRPH clauses, which will be key as it is usually the same as the court’s ruling. The case is comple...

Esther Castro ...
  • Maria Paz Ojeda

BANKING SECTOR REPORT: 2Q19 ESTIMATES - IN LINE WITH THE 2019 GUIDANCE (ANÁLISIS BANCO SABADELL)

BANKING SECTOR REPORT: 2Q19 ESTIMATES - IN LINE WITH THE 2019 GUIDANCE (ANÁLISIS BANCO SABADELL)

Marisa Mazo

The Spanish banking sector: 3Q17 results- Experiencing the seasonal impact of the summer.

Aggregate results may amount to €3.7bn Spanish banks may post a +3.1% yoy increase on their 3Q17 aggregate net profit, Caixabank leading the growth rates (+65.0%). We expect that oper-ating trends will be pretty similar to 1H17 although volumes should perform slightly worse due to summer and margins’ compression process would be nearly over. Earnings upwards’ revisions continues The aggregated 2017e net group profit of the Spanish banks has been revised upwards +7.7% since December, 2016 (+6.7% in July, 2017). Caixabank lead the upwards revisions since our July report while Liberbank, onc...

Bankia Sau – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 11/04/2018

In item 4, the Board asks the authorization to increase the share capital and in item 5 to issue convertible bonds and other securities convertible into shares. The aggregate authorization to increase the share capital may not exceed 50% of the existing share capital, with the authority to exclude pre-emptive rights in connection with up to a maximum of 20% of the issued share capital. The proposals exceed the ECGS guidelines limit of 10% for general capital increases without pre-emptive rights.Although we understand the flexibility required by the Board, we consider that the proposed amount r...

Expert Corporate Governance Service (ECGS)

Proxy Report - 10/04/2018

In item 4, the Board asks the authorization to increase the share capital and in item 5 to issue convertible bonds and other securities convertible into shares. The aggregate authorization to increase the share capital may not exceed 50% of the existing share capital, with the authority to exclude pre-emptive rights in connection with up to a maximum of 20% of the issued share capital. The proposals exceed the ECGS guidelines limit of 10% for general capital increases without pre-emptive rights. Although we understand the flexibility required by the Board, we consider that the proposed amount ...

Matthieu DRIOL

Short term view - BANKIA SA : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €2.739, then €2.572. Passing €3.765 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - BANKIA SA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 2,739 €, puis 2,572 €. Le franchissement de 3,765 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - BANKIA SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 2,739 €, puis 2,572 €. Le franchissement de 3,765 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BANKIA SA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €2.739, then €2.572. Passing €3.765 would question the continuation of the fall.

Valérie GASTALDY

Analyse moyen terme - BANKIA SA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 2,652 €, puis 2,059 €. Le franchissement de 3,700 € remettrait en cause la suite de la baisse.

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