CaixaBank wins 970 million, 2.6% less, above what is expected – EntornoInteligente

Expansion / The absence of the extraordinary positive in 2015 by Barclays determines the outcome.

CaixaBank won a 970 million as of September, 2.6% less than last year. The result is conditioned by the absence of the tax effect positive which boosted their profits in 2015 as a result of the integration of Barclays. The gain is above what is expected by the market, which allowed a score of 897 million (-10%).

“The result obtained is supported by the evolution of the income and expenses, which allows the gross margin to reach 5.939 million (-6,6%) and the operating margin of the 2.821 million (+2.7% -10,6% excluding the extra costs), and the significant reduction in impairment losses on financial assets and other

provisions (-33,3%)”, explains the entity.

(Will large)

CaixaBank wins 970 million, 2.6% less, higher than expected

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http://entornointeligente.com/articulo/9160117/CaixaBank-gana-970-millones-un-26-menos-por-encima-de-lo-esperado-28102016

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