To the best of our knowledge, the following brokerage houses provide equity coverage on CaixaBank on a regular basis.

Institution Analyst
Alantra Francisco Riquel
AlphaValue David Grinsztajn
Autonomous Britta Schmidt
Banco Sabadell María Paz Ojeda
Bankinter Rafael Alonso
Barclays Cecilia Romero
Berenberg Michael Christodoulou
Bestinver Fernando Gil de Santivañes
BoAML Antonio Reale
Carraighill Seamus Murphy
Citigroup Marta Sánchez Romero
Deutsche Bank Alfredo Alonso
Exane BNP Ignacio Ulargui
GVC Gaesco Beka Marisa Mazo
HSBC Domenico Santoro
JB Capital Markets Maksym Mishyn
Jefferies Benjie Creelan-Sandford
JP Morgan Sofie Peterzens
KBW Hugo Cruz
Kepler Jacques-Henry Gaulard
Mediobanca Andrea Filtri
Morgan Stanley Álvaro Serrano
Norbolsa Ane Roa
Oddo BHF Steven Gould
Redburn Gonzalo López
Renta 4 Nuria Álvarez
Santander Ignacio Méndez / Patrick Lee
Société Générale Carlos Cobo
UBS Ignacio Cerezo

The information below details the institutions that have published a report with a target price and recommendation for CaixaBank in the last 6 months.

Institution Date Recommendation  Target price
Citigroup 22/07/2023 Buy € 5.50
Bestinver Securities 20/09/2023 Buy € 5.00
GVC Gaesco Beka 19/09/2023 Acumular € 4.70
Alantra 07/09/2023 Buy € 4.80
UBS 05/09/2023 Buy € 5.55
Morgan Stanley 05/09/2023 Overweight € 5.20
Autonomous 01/09/2023 Neutral € 4.81
AlphaValue 30/08/2023 Add € 4.74
Berenberg 23/08/2023 Buy € 5.00
Bankinter 10/08/2023 Buy € 5.15
Deutsche Bank 11/08/2023 Hold € 4.60
JP Morgan 07/08/2023 Neutral € 5.00
KBW 07/08/2023 Market Perform € 4.95
Barclays 02/08/2023 Overweight € 5.40
Oddo BHF 02/08/2023 Outperform € 5.60
Kepler Cheuvreux 02/08/2023 Hold € 4.10
Norbolsa 01/08/2023 Mantener € 4.76
HSBC 01/08/2023 Hold € 4.10
BoAML 31/07/2023 Buy € 5.15
Mediobanca 31/07/2023 Underperform € 4.00
Société Générale 31/07/2023 Buy € 5.00
Jefferies 28/07/2023 Buy € 4.60
Banco Sabadell 28/07/2023 Comprar € 5.00
Exane BNP 28/07/2023 Outperform € 5.70
JB Capital Markets 28/07/2023 Buy € 5.70
Santander 12/07/2023 Outperform € 4.56
Renta 4 07/07/2023 Sobreponderar € 5.54
Redburn 04/07/2023 Buy € 5.00

Average target price (A.T.P.) and percentage of recommendation (buy, sell or hold) considering reports published within the last 3 months / 6 months.

A.T.P. % Buy % Neutral % Sell
3 months € 4.97 75% 21% 4%
6 months € 4.95 73% 24% 3%

Figures as of 27th September 2023

Disclaimer: All opinions, estimates, forecasts, data, and recommendations regarding the performance of CaixaBank made by analysts in the reports listed herein are theirs alone. Neither CaixaBank nor its managers have verified or tested the content of these reports.

The inclusion of these reports on CaixaBank corporate website does not imply the endorsement by the company or its constituent administrators of the content, conclusions or recommendations contained therein. The list of research reports included in this section no way represents a complete or updated collection and its publication and should not be interpreted as a request or recommendation to buy, sell or hold CaixaBank securities.

CaixaBank Group consensus estimates for 2023-25e


In €M 2023e 2024e 2025e
Net interest income 8,969 8,915 8,786
Net fees and commissions 3,827 3,927 4,040
Insurance service result 1,065 1,139 1,203
Gross income 13,153 13,403 13,812
Recurring operating expenses -5,832 -6,086 -6,314
Pre-impairment income 7,316 7,317 7,497
Loan loss provisions -1,162 -1,339 -1,335
Net profit attributable to the Group 4,143 4,014 4,233

Figures as of 12 July 2023
Averages based on a minimum of 23 analysts' estimates

1. Consensus based on the compilation of estimates provided by analysts covering CaixaBank’s shares. Contributions from different sets of analysts may lead to estimates that differ from consensus figures published by other financial information providers.

2. Consensus estimates will be published provided the number of analysts contributing to its calculation is higher than 50% of the total number of analysts covering CaixaBank’s shares.

3. CaixaBank makes no warranty, express or implied, as to the accuracy or completeness of the referred information. The achievement of these estimates is in no way warranted by CaixaBank.

4. These estimates, which are not subject to the obligation to disclose information required by the Comisión Nacional del Mercado de Valores (CNMV), are provided as a courtesy and for possible convenience and informational purposes only. They are not intended to imply any endorsement or provide any investment advice.

5. CaixaBank shall have no liability whatsoever (in negligence or otherwise) for any damage or loss howsoever arising from any use of this information.

6. Please note that all estimates correspond to CaixaBank Group.