'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)
Recent news on Banco de Sabadell
See all newsEuropean banks seek alternative cross-border expansion strategies, Morningstar DBRS says
Barclays, Jefferies upbeat on Spanish bank fundamentals into Q3 results
Sabadell rises after France's BPCE buys stake
Spanish stocks - Factors to watch on Oct 6
France's BPCE takes 7% stake in Sabadell, bolstering Spanish bank's defences (updated)