CaixaBank (OTCMKTS:CAIXY) Shares Gap Up – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares gapped up prior to trading on Friday . The stock had previously closed at $4.13, but opened at $4.38. CaixaBank shares last traded at $4.35, with a volume of 161,316 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a report on Monday, November 3rd. Finally, Citigroup reissued a “buy” rating on shares of CaixaBank in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

CaixaBank Trading Up 5.8%

The firm’s 50-day moving average is $3.96 and its two-hundred day moving average is $3.56.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.