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SAB — Banco de Sabadell News Story

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'Unexpected' new share buyback lifts Sabadell shares

BUZZ-'Unexpected' new share buyback lifts Sabadell shares

** Shares in Sabadell SABE.MC rise about 4% after the bank announced a new €331-million share buyback following slight Q2 beat

** Sabadell reports Q2 net interest income of €902 million ($1.03 billion), above analysts' forecasts of €895 million

** Renta 4 Banco expects shares to be supported by the unexpected announcement of a new share buyback programme

** Shares are at their highest since late May

($1 = 0.8779 euros)


(Reporting by Gemma Guasch)

((Gemma.guasch@thomsonreuters.com))

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