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SAN - Bankia: Low Valuation Is More Than Justified By Its Fundamental Woes
Banco Santander S.A. Sponsored ADR
Bankia (BNKXY) has a risky business profile due to its reliance on interest rates and significant exposure to legacy assets, justifying its low valuation. There aren't many prospects of a turnaround in the next few years, thus Bankia is a bank to avoid until it cleans up its balance sheet and its high-dividend yield becomes sustainable.
History & Shareholder Structure
Bankia is a Spanish bank that offers a wide range of financial products and services, including deposits, mortgage loans, insurance, and asset management, beyond others. It operates mainly in the retail banking segment,