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
Morgan Stanley 28/11/2023 Overweight € 5.50
Autonomous 27/11/2023 Neutral € 4.68
Santander 23/11/2023 Outperform € 5.09
Mediobanca 22/11/2023 Underperform € 4.10
AlphaValue 16/11/2023 Buy € 5.51
KBW 15/11/2023 Outperform € 5.93
Bankinter 07/11/2023 Buy € 5.45
Kepler Cheuvreux 03/11/2023 Hold € 4.10
JP Morgan 01/11/2023 Neutral € 5.25
HSBC 01/11/2023 Hold € 4.30
Norbolsa 30/10/2023 Buy € 4.76
Redburn 30/10/2023 Buy € 5.30
Oddo BHF 30/10/2023 Outperform € 5.80
Berenberg 30/10/2023 Buy € 5.20
Deutsche Bank 30/10/2023 Hold € 5.00
Société Générale 30/10/2023 Buy € 5.70
Alantra 30/10/2023 Buy € 5.10
Barclays 27/10/2023 Overweight € 5.80
Citigroup 27/10/2023 Buy € 5.50
BofA 27/10/2023 Buy € 5.50
UBS 27/10/2023 Buy € 5.85
BNP Paribas 27/10/2023 Outperform € 6.20
JB Capital Markets 27/10/2023 Buy € 6.30
GVC Gaesco Beka 24/10/2023 Acumular € 4.70
Banco Sabadell 23/10/2023 Comprar € 5.00
Renta 4 16/10/2023 Sobreponderar € 5.54
Bestinver Securities 11/10/2023 Buy € 5.00
Jefferies 28/07/2023 Buy € 4.60

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 € 5.27 78% 19% 3%
6 months € 5.21 76% 21% 3%

Figures as of 28th  November 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 9,583 9,373 9,090
Net fees and commissions 3,728 3,814 3,929
Insurance service result 1,056 1,134 1,209
Gross income 13,755 13,864 14,041
Recurring operating expenses -5,839 -6,099 -6,327
Pre-impairment income 7,902 7,756 7,703
Loan loss provisions -1,083 -1,292 -1,299
Net profit attributable to the Group 4,541 4,330 4,386

Figures as of 11 October 2023 with previews estimated by analysts
Averages based on a minimum of 17 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.