Goldman Sachs Group Downgrades CAIXABANK/ADR (CAIXY) to Sell

Goldman Sachs Group cut shares of CAIXABANK/ADR (OTCMKTS:CAIXY) from a neutral rating to a sell rating in a research note published on Monday, The Fly reports.

Separately, JPMorgan Chase & Co. raised shares of CAIXABANK/ADR from a neutral rating to a buy rating in a report on Monday, September 3rd.

Shares of CAIXY opened at $1.33 on Monday. CAIXABANK/ADR has a 12-month low of $1.21 and a 12-month high of $1.85.


CaixaBank, SA provides banking and financial products and services for individuals and businesses in Spain and internationally. The company operates through three segments: Banking and insurance, Non-Core Real Estate Activity, and Investments. It offers current and savings accounts, other demand deposits, and time deposits; and mortgage, home, real estate development, corporate, project finance bridge, consumer, term, commercial, and other loans; credit, debit, and prepaid cards; and online and mobile banking services.

Further Reading: What is an Initial Public Offering (IPO)?

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