CaixaBank buys back €340M of shares; Bank of America keeps 'Buy' rating
According to TradingView, CaixaBank has bought about 28M shares for €340M under a €500M buyback. Bank of America keeps its Buy rating with a €14.20 target.
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what happened
CaixaBank (CABK) has bought about 28M of its own shares for €340M, which is 68% of a €500M buyback programme, TradingView reports. Last week the bank acquired 877,581 shares for roughly €12M. Purchases are capped at 25% of daily trading volume, and BNP Paribas manages the programme.
Bank of America kept its Buy rating on CaixaBank with a €14.20 target price, implying roughly 27% upside. Among the strengths the analysts cited a Spanish deposit market share of about 30%, a funding advantage and commission-driven revenue.
why it matters
Ongoing buybacks show the bank returning capital to shareholders, and the pace is tied to trading volume, which makes the programme fairly predictable. The analyst rating adds some attention to the stock, but it is a single assessment from one investment bank. The source text is an AI-generated summary, so key figures should be checked against original filings.
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- Key facts: CaixaBank (CABK) spends €340M on buyback; Bank of America keeps Buy — TradingView, 24 October 2026 at 05:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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