Caixabank falls on lack of upgrade in guidance for 2026 NII

CaixaBank SA

29/07/2026 08:31

** Shares in Spanish bank Caixabank CABK.MC fall around 4.5%  due to lack of upgrade in net interest income guidance for FY 2026
** "We expect a negative market reaction, given the lack of improvement in the revenue growth guidance for financial services", says Renta4banco analyst Nuria Álvarez
** Jefferies adds that no guidance upgrade is "clearly a negative surprise, and hard to make sense of" although the broker sees "real source of upside" in 2027 and 2028
** JPM put his focus on the call saying that one of the five things to be looked for is NII outlook for 2026 and beyond, given how much investors are expecting
** Caixabank is among worst performers of STOXX 600 .STOXX

(Reporting by Tiago Brandao)
((Tiago.Brandao@thomsonreuters.com;))