Citi analysts reopened the map of banking consolidation after the call for elections, suggesting that a new Spanish government could bring back interest in a takeover bid for Banco Sabadell.
Exane analysts from BNP Paribas have renewed their strong bet on Banco Sabadell, issuing the highest valuation among those currently covering the IBEX constituent and raising its valuation by 23%.
In September, Sabadell’s stock opened at record‑high closing levels, continuing a streak of six months of consecutive profit gains.
The CFO of Banco Sabadell sold a portion of his holdings while the bank’s share price reached historic highs.
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.