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 Esther Castro
Bankinter Rafael Alonso
Berenberg Michael Christodoulou
Bestinver Fernando Gil de Santivañes
Carraighill Seamus Murphy
Citigroup Borja Ramírez
Credit Suisse Jon Peace
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
Jefferies 25/05/2023 Buy € 4.60
Bankinter 22/05/2023 Comprar € 4.90
Exane BNP 22/05/2023 Outperform € 5.50
KBW 18/05/2023 Market Perform € 4.32
JB Capital Markets 18/05/2023 Buy € 5.50
Deutsche Bank 12/05/2023 Hold € 4.40
AlphaValue 11/05/2023 Add € 4.46
Autonomous 10/05/2023 Outperform € 5.10
Bestinver Securities 10/05/2023 Buy € 4.60
JP Morgan 09/05/2023 Neutral € 4.75
Credit Suisse 09/05/2023 Neutral € 4.40
Kepler Cheuvreux 08/05/2023 Hold € 4.00
UBS 08/05/2023 Buy € 5.00
HSBC 08/05/2023 Hold € 3.80
Oddo BHF 08/05/2023 Outperform € 5.10
Société Générale 08/05/2023 Buy € 4.40
Redburn 05/05/2023 Buy NO TP
Alantra 05/05/2023 Buy € 4.40
Banco Sabadell 05/05/2023 Comprar € 4.70
Renta 4 05/05/2023 Sobreponderar € 4.45
Citigroup 05/05/2023 Buy € 4.25
Berenberg 05/05/2023 Buy € 4.60
Mediobanca 05/05/2023 Underperform € 3.50
Morgan Stanley 05/05/2023 Overweight € 5.00
Santander 14/04/2023 Outperform € 5.15
GVC Gaesco Beka 07/03/2023 Acumular € 4.70
Norbolsa 03/02/2023 Mantener € 4.20

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 € 4.62 73% 23% 4%
6 months € 4.61 70% 26% 4%

Figures as of 25th May 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 8,835 8,839 8,792
Net fees and commissions 3,846 3,956 4,065
Insurance service result 1,059 1,138 1,207
Gross income 13,061 13,342 13,820
Recurring operating expenses -5,839 -6,075 -6,305
Pre-impairment income 7,220 7,265 7,513
Loan loss provisions -1,245 -1,413 -1,374
Net profit attributable to the Group 4,000 3,921 4,232

Figures as of 24th May 2023 with estimates published by analysts after 1Q23 Results using IFRS17
Averages based on a minimum of 14 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.