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Quote | Bankia S.A ADR (OTCMKTS:BNKXY)
Last: | $18 |
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Change Percent: | 0.0% |
Open: | $18 |
Close: | $18 |
High: | $18 |
Low: | $18 |
Volume: | 135 |
Last Trade Date Time: | 04/06/2021 04:55:15 pm |
News | Bankia S.A ADR (OTCMKTS:BNKXY)
CaixaBank and Bankia announced a merger which should be conducted during Q1 FY12/2021. This looks like a defensive maneuver, and we believe it highlights a deterioration of asset quality and a potential need to raise equity capital. With the shares trading at an estimated combined...
With CaixaBank acquiring Bankia, BBVA management may be feeling more pressure to act on long-running expectations for an acquisition of Sabadell. COVID-19 has undermined BBVA's crown jewel, the Mexico operations, as Mexico is feeling significant strain from the pandemic, leading to we...
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