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Banco de Sabadell SA

SABE.MC

Latest Trade

1.03EUR

Change

0.01(+0.53%)

Volume

15,236,090

Today's Range

1.02

 - 

1.04

52 Week Range

0.71

 - 

1.09

As of on the Mercado Continuo Espana ∙ Minimum 15 minute delay

Pricing

Previous Close
1.03
Open
1.03
Volume
15,236,090
3M AVG Volume
540.30
Today's High
1.04
Today's Low
1.02
52 Week High
1.09
52 Week Low
0.71
Shares Out (MIL)
5,605.46
Market Cap (MIL)
5,818.28
Forward P/E
7.42
Dividend (Yield %)
1.93

Next Event

Dividend For SABE.MC - 0.0200 EUR

Latest Developments

More

Tsb Says There Will Be Further Changes To Our Branch Network

Report Says Tsb Board Did Not Fully Understand Scope And Complexity Of New It System Prior To Failure

TSB May Close Up To 100 Branches And Put 400 Jobs At Risk- The Guardian

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About Banco de Sabadell SA

Banco de Sabadell SA is a Spain-based financial institution (the Bank) primarily engaged in the banking sector. The Bank's activities are divided into four segments: Banking in Spain, Asset transformation, Banking in the United Kingdom (UK) and Banking in America. The Banking in Spain division includes commercial banking products, such as mortgage loans, deposit accounts, insurance policies and mutual funds; corporate banking products, such as customized financing and treasury, as well as markets and private banking investment. The Asset transformation division focuses on real estate operations and management. The Banking in UK division includes TSB Banking Group PLC that offers current and savings accounts, personal loans, credit cards and mortgages. The Banking in America division provides retail and commercial banking services, as well as solutions for corporate customers, such as project finance operations. The Bank operates through numerous subsidiaries.

Industry

Regional Banks

Contact Info

Sena, 12, Pol. Ind. Can Sant Joan

+34.937.288882

https://www.bancsabadell.com/

Executive Leadership

Jose Oliu Creus

Executive Chairman of the Board

Jaime Guardiola Romojaro

Chief Executive Officer, Executive Director

Javier Echenique Landiribar

Independent Vice Chairman of the Board

Tomas Varela Muina

Chief Financial Officer, General Manager

David Vegara Figueras

Chief Risk Officer, Independent Director

Key Stats

2.72 mean rating - 25 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2016

5.5K

2017

5.7K

2018

5.0K

2019(E)

4.9K
EPS (EUR)

2016

0.130

2017

0.140

2018

0.050

2019(E)

0.139
Price To Earnings (TTM)
6.80
Price To Sales (TTM)
0.96
Price To Book (MRQ)
0.45
Price To Cash Flow (TTM)
4.47
Total Debt To Equity (MRQ)
174.21
LT Debt To Equity (MRQ)
174.21
Return on Investment (TTM)
--
Return on Equity (TTM)
0.40

Latest News

Latest News

TSB and parent Sabadell heavily criticised for IT crash that locked 2 million out of accounts

An IT crash at Britain's TSB bank that locked out nearly 2 million customers and halved parent Sabadell's <SABE.MC> profits last year was caused by moving to a new banking platform before it had been properly tested, an investigation has found.

Spain's Sabadell plans to close around 10% of its branches in Spain in 2020

Spain's Banco Sabadell <SABE.MC> plans to close around 200 branches in Spain in 2020, its chief executive officer Jaime Guardiola said on Friday.

Spain's Sabadell sticks to 2019 targets on lower TSB tech costs

Spain's Banco Sabadell <SABE.MC> almost doubled its third-quarter net profit as provisions related to IT failings at its British bank TSB fell, lifting its shares close to 1% on Friday.

Spain's Sabadell plans to close around 10% of its branches in Spain in 2020

Spain's Banco Sabadell <SABE.MC> plans to close around 200 branches in Spain in 2020, its chief executive officer Jaime Guardiola said on Friday.

Sabadell almost doubles Q3 net profit due to lower one-off costs

Spain's Banco Sabadell said on Friday it almost doubled its third quarter net profit against the same period a year earlier when it suffered one-off costs of 88 million euros ($97.8 million) related to an IT outage at its British unit TSB.

Spain's Caixabank and Sabadell cut income forecasts, shares plunge

Shares in Spanish banks Caixabank <CABK.MC> and Banco Sabadell <SABE.MC> plummeted on Friday after both lenders cut their income forecasts for 2019 because interest rates were expected to be lower for longer than expected in the euro zone.

Sabadell reports second-quarter profit of €273 million

Spain's Banco Sabadell <SABE.MC> on Friday reported a net profit of 273 million euros (£244 million) for the second quarter compared with a loss it posted last year when an IT outage hit its British unit TSB.

Sabadell books Q2 profit of 273 mln euros after loss last year due to TSB costs

Spain's Banco Sabadell on Friday announced a net profit of 273 million euros ($304.50 million) in the second quarter compared to a loss in the same period last year due to its IT outage at its British unit TSB.

Sabadell gets bids from Cerberus, Oaktree for real estate business: source

Banco Sabadell has received binding bids from U.S. private equity funds Cerberus and Oaktree for a real estate company owned by the Spanish bank and is expected to assess them on Thursday, a source with knowledge of the matter said.

UPDATE 2-Spain's Sabadell draws line under costly IT glitch at TSB

* Shares up 1 pct in early trade, leading gainers (Releads, adds details, share price update)

Spain's Sabadell Q1 net profit flat, beats expectations on lower costs

Spain's Banco Sabadell on Friday said its first-quarter net profit was almost unchanged against the same quarter in 2018 due to lower overall costs and provisions.

Sabadell hires JP Morgan to weigh options for its asset management unit-source

Spain's Banco Sabadell has hired U.S. investment bank JP Morgan to find potential investors for the lender's asset management division, a source familiar with the matter said on Friday.

Sabadell could consider sale of a revamped TSB - chairman

Retail bank TSB needs to turnaround its business and cut costs before becoming a candidate for a sale or to take part in any consolidation in Britain, the chairman of parent Banco Sabadell said on Wednesday.

IT meltdown at Britain's TSB burdens Spanish parent Sabadell

Britain's TSB Bank, a subsidiary of Spain's Sabadell, plunged to a 105.4 million pound ($137.9 million) loss last year as costs from a major IT meltdown ratcheted up further.

Spain's Banco Sabadell 2018 net slumps 54 pct, hit by TSB

Spain's Banco Sabadell posted on Friday a 54 percent slump in 2018 net profit, hit by 292 million euros ($333.81 million) in costs from an IT outage at its British bank TSB.

UPDATE 1-Intrum buys Sabadell's real estate servicer to boost Spain presence

Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Intrum buys Banco Sabadell's real estate servicer Solvia

Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Spain's Sabadell aims to strengthen TSB to make acquisitions

Sabadell <SABE.MC> wants its British unit TSB to start buying other businesses once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell has no plan to sell TSB, wants it to acquire assets

Spain's Sabadell <SABE.MC> has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell has no plan to sell TSB, wants it to acquire assets

Spain's Sabadell has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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