Citi Boosts Confidence in CaixaBank Following the Bank’s International Tour

CaixaBank has been distinguished as Best Bank in Europe in Technology by the Financial Times Group, which has rewarded the financial institution in the awards that its vertical specialist in banking, The Banker, are dedicated to technology and innovation. The bank has risen with this continental recognition thanks to the multiple projects that it has put in [...] La entrada Man of the day Tomás Muniesa, non-executive president of CaixaBank, whi…

"We reiterate our recommendation of 'buy', with an objective price of 8.5 euros and with a total expected return of +20%", they point out in a report published this Tuesday. Citi points out that the consensus estimates for 2025-2027 have been improving (+3% on average in the last three months), but they stress that theirs are still ahead (+7% on average for 2025-2027; +11% for 2027). "With a PER to 24 months of 9 times and an annual return of 8%…

Read a quick summary generated by IA × Summary of the news: CaixaBank has been recognized by the Financial Times Group as the Best Bank in Europe in Technology. This award highlights the entity’s ambitious process of technological transformation, its digitalization strategy and the use of artificial intelligence to improve customer efficiency and experience. The jury has especially valued the bank’s ability to integrate advanced technologies int…