Banco Sabadell

Banco Sabadell’s shares jumped nearly 4% on the Madrid Stock Exchange, driven by the announcement of a share repurchase plan and positive outlook guidance, marking the stock’s biggest rise since June 12.

Goldman Sachs has downgraded Banco Sabadell, adding it to its sell list. The stock was among the most penalized values in the Ibex on the day of the downgrade.

The extraordinary dividend paid by Banco Sabadell has prompted analyst valuation downgrades and intensified short-seller pressure on the Spanish bank listed on the Ibex index.