Banco de Sabadell S.A.

Banco de Sabadell is a bank holding company. Through its subsidiaries, Co. provides a range of banking and financial services in Spain and internationally. Co.'s activities include investment banking, private banking, portfolio management, mortgage loans, commercial loans and other financial products and services, deposits and international banking operations. Co. is also engaged in life insurance underwriting and brokerage. Additionally, Co. is engaged in capital property and development, as well as investing in environmental projects. As of Dec 31 2014, Co. had total assets of Euro163,345,673,000 and total customer deposits of Euro98,208,370,000.
  • TickerSAB
  • ISINES0113860A34
  • ExchangeMadrid Stock Exchange
  • SectorBanks
  • CountrySpain

Analysts

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - FR

Eurofins (Achat) - T3-19 : Revenus de €1,2md (+22,3%, +6,4% en organique) HSBC (Achat) : Abaisse ses perspectives de revenus pour 2019, l’objectif d’un ROTE >11% en 2020 ne sera pas atteint AXA (Achat) : Cède ses activités bancaires en Belgique à Crelan Banque pour €620m Cemex (Achat) - 9M-19 : EBITDA de $1,9 md (-11%, -9% en organique) Aroundtown  (Conserver) et TLG Immobilien (Achat) : Accord sur les conditions d’une fusion Suedzucker (Vente) : Rehausse son objectif de résultat opérationnel pour l’exercice 2019-2020 Verizon (Achat) - 9M...

Thanks to a better fundamental star rating, BANCO DE SABADELL SA sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to BANCO DE SABADELL 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 4, 2019, the closing price was EUR 0.88 and its expected value was estimated at EUR 0.85.

1 director bought

A director at Banco De Sabadell Sa bought 60,000 shares at 0.770EUR and the significance rating of the trade was 55/100. 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 o...

Philippe Lamaud

Banco Sabadell : Heading in the right direction, but facing headwinds and uncertainties; stable credit opinion and recommendations maintained

Following a challenging year in 2018 marked by the severe IT disruption at Banco Sabadell’s UK subsidiary TSB and other factors which directly and/or indirectly hit the bank’s capital, Banco Sabadell has taken necessary and decisive actions to restore its capital ratios while large-scale NPA divestments have contributed to substantially improving asset quality metrics. The significant IT issues that protracted beyond the migration have been repaired and following management chang...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - FR

Eurofins (Achat) - T3-19 : Revenus de €1,2md (+22,3%, +6,4% en organique) HSBC (Achat) : Abaisse ses perspectives de revenus pour 2019, l’objectif d’un ROTE >11% en 2020 ne sera pas atteint AXA (Achat) : Cède ses activités bancaires en Belgique à Crelan Banque pour €620m Cemex (Achat) - 9M-19 : EBITDA de $1,9 md (-11%, -9% en organique) Aroundtown  (Conserver) et TLG Immobilien (Achat) : Accord sur les conditions d’une fusion Suedzucker (Vente) : Rehausse son objectif de résultat opérationnel pour l’exercice 2019-2020 Verizon (Achat) - 9M...

Marisa Mazo

Sabadell: 3Q18 results preview: Feeling the British pain

  Net profit to amount to €144mn in 3Q18e. Sabadell will release its 3Q18 results on Friday, October 26th. A webcast will be held at 9.00 am, available on the following link: /en/. We estimate that the net group profit may amount to €144mn. This figure is above the market consensus (€74mn) because we have booked €65mn for TSB’s extra–costs (€81mn in the consensus) and our tax rate is 28% vs. 40% in the consensus. Net interest revenue may decline –3.6% yoy, to €907mn, fees may increase +5.7% yoy, to €319mn, and gross income may decline –17.4%, to 1,271mn. Costs may rise +9.1% to €840mn due...

Marisa Mazo

The Spanish banking sector: Time to overweight the sector

  Aggregate results may amount to €3.7bn. Spanish banks may post a 1.7% yoy decline on their 2Q18e aggregate net profit. We expect that operating trends will be pretty similar to 1Q18 but uneven through the sector. The new depreciation of emerging market currencies, the contribution to the SRF and some non–recurrent items are key to explain the evolution of the earnings. Be aware of the impact on the capital ratios of the lower unrealised gains on the fixed income portfolios!   Revision’s swing. The aggregated 2018e net group profit of the Spanish banks has been revised downwards by a ...

Marisa Mazo

Sabadell 2Q18 results preview: A quarter to forget

  Net profit to amount to €28mn in 2Q18e. Sabadell will release its 2Q18 results on Friday, July 27th. A webcast will be held at 10.0 am, available on the following link: https://www.grupbancsbadell.com/en/. We estimate that the net group profit may amount to €28mn. This figure is below the market consensus (€80mn) because we have booked €60mn for future TSB contingencies while the consensus provided by the bank only includes €16mn. The negatives: TSB, Italian bonds & Sareb The results will be negatively impact by three events: (a) the IT problem at TSB, (b) the sale of the Italian bon...

1 director bought

A director at Banco De Sabadell Sa bought 60,000 shares at 0.770EUR and the significance rating of the trade was 55/100. 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 o...

Thanks to a better fundamental star rating, BANCO DE SABADELL SA sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to BANCO DE SABADELL 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 4, 2019, the closing price was EUR 0.88 and its expected value was estimated at EUR 0.85.

Philippe Lamaud

Banco Sabadell : Heading in the right direction, but facing headwinds and uncertainties; stable credit opinion and recommendations maintained

Following a challenging year in 2018 marked by the severe IT disruption at Banco Sabadell’s UK subsidiary TSB and other factors which directly and/or indirectly hit the bank’s capital, Banco Sabadell has taken necessary and decisive actions to restore its capital ratios while large-scale NPA divestments have contributed to substantially improving asset quality metrics. The significant IT issues that protracted beyond the migration have been repaired and following management chang...

Philippe Lamaud

Banco Sabadell : Heading in the right direction, but facing headwinds and uncertainties; stable credit opinion and recommendations maintained

Following a challenging year in 2018 marked by the severe IT disruption at Banco Sabadell’s UK subsidiary TSB and other factors which directly and/or indirectly hit the bank’s capital, Banco Sabadell has taken necessary and decisive actions to restore its capital ratios while large-scale NPA divestments have contributed to substantially improving asset quality metrics. The significant IT issues that protracted beyond the migration have been repaired and following management chang...

MarketLine Department

Banco Cooperativo Espanol S.A. - Strategy, SWOT and Corporate Finance Report

Summary Banco Cooperativo Espanol S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Banco Cooperativo Espanol, S.A. (Banco Cooperativo), together with its subsidiaries, provides banking and other financial products and services. Its portfolio of products includes savings accounts, deposit accounts, credit cards, debit cards, personal loans, commercial loans, ...

MarketLine Department

CaixaBank SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

CaixaBank SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's CaixaBank SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CaixaBank SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity und...

Expert Corporate Governance Service (ECGS)

Banco Sabadell, March 27, 2019

In item 4.1, the Board proposed to re-appoint the executive Chairman Mr. José Oliu Creus. Although we recognize that the independent representation on the Board is sufficient (53% as per our guidelines and 60% according to the Company), ECGS believes that the Chairman should not carry executive responsibilities, as he is responsible for leadership of the Board and ensuring its effectiveness on all aspects of its role. As we continue to be concerned over the concentration of powers at the Bank, we recommend shareholders oppose. In item 8, the Board asks the authorization to acquire own shares....

Banco de Sabadell – Proxinvest Corporate Governance Rating ® : C

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...

Matthieu DRIOL

Analyse court terme - BANCO DE SABADELL SA : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 1,2090 € prochainement. Le prochain objectif est à 1,0551 €, puis 0,9883 €. Le franchissement de 1,5000 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BANCO DE SABADELL SA : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €1.2090. The next target is at €1.0551, then €0.9883. Passing €1.5000 would question the continuation of the fall.

Matthieu DRIOL

Short term view - BANCO DE SABADELL SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €1.0551. The background trend would be questioned should prices rise above €1.5000.

Matthieu DRIOL

Analyse court terme - BANCO DE SABADELL SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1,0551 €. La tendance de fond serait remise en cause en cas de franchissement de 1,5000 €.

Matthieu DRIOL

Medium term view - BANCO DE SABADELL SA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €1.0029, then €0.8573. Passing €1.8824 would question the continuation of the fall.

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