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,