Analysts

To the best of our knowledge, the following brokerage houses provide equity coverage on CaixaBank on a regular basis.

Institution Analyst
Alantra Francisco Riquel
AlphaValue David Grinsztajn
Autonomous Britta Schmidt
Banco Sabadell Javier Esteban
Bankinter Rafael Alonso
Barclays Cecilia Romero
Bestinver Javier Beldarrain
Bloomberg Lento Tang
BofA Antonio Reale
Carraighill Seamus Murphy
Citigroup Borja Ramírez Segura
Deutsche Bank Alfredo Alonso
Exane BNP Ignacio Ulargui
GVC Gaesco Beka Marisa Mazo
Goldman Sachs Chris Hallam
Intesa Sanpaolo Fernando Gil de Santivañes
JB Capital Markets Maksym Mishyn
Jefferies Miruna Chirea
JP Morgan Kian Abouhossein
KBW Hugo Cruz
Kepler Maria Antonia Casado
Mediobanca Andrea Filtri
Morgan Stanley Álvaro Serrano
Kutxabank Investment Ane Roa
Oddo BHF Steven Gould
RBC Pablo de la Torre
Redburn Gonzalo López
Renta 4 Nuria Álvarez
Santander Ignacio Méndez / Juan Pablo López
UBS Ignacio Cerezo

The information below details the institutions that have published a report with a target price and recommendation for CaixaBank in the last 6 months.

Institution Date Recommendation  Target price
Kepler Cheuvreux 04/11/2025 Reduce € 7.30
Redburn 03/11/2025 Buy € 10.00
Oddo BHF 03/11/2025 Outperform € 10.20
UBS 03/11/2025 Neutral € 9.30
RBC 03/11/2025 Neutral € 8.75
Mediobanca 03/11/2025 Underperform € 8.10
Barclays 31/10/2025 Equal-weight € 9.80
Alantra 31/10/2025 Neutral € 10.10
JB Capital Markets 31/10/2025 Buy € 11.50
AlphaValue 31/10/2025 Reduce € 8.27
BNP Paribas 31/10/2025 Outperform € 10.70
Kutxabank 23/10/2025 Hold € 9.77
Autonomous 22/10/2025 Neutral € 9.23
Bestinver Securities 15/10/2025 Hold € 9.15
Citigroup 14/10/2025 Buy € 9.50
Jefferies 14/10/2025 Buy € 10.00
BofA 14/10/2025 Buy € 10.00
Deutsche Bank 09/10/2025 Sell € 7.75
KBW 03/10/2025 Market Perform € 9.67
Intesa 02/10/2025 Neutral € 8.70
Morgan Stanley 01/10/2025 Equal-weight € 9.70
Banco Sabadell 26/09/2025 Infraponderar € 8.40
Goldman Sachs 25/09/2025 Neutral € 9.10
JP Morgan 09/09/2025 Neutral € 9.40
Bankinter 11/08/2025 Comprar € 9.35
Renta 4 30/07/2025 Mantener € 8.24
GVC Gaesco Beka 22/07/2025 Mantener € 7.40


Average target price (A.T.P.) and percentage of recommendation (buy, sell or hold) considering reports published within the last 3 months / 6 months.

A.T.P. % Buy % Neutral % Sell
3 months

€ 9,35

32% 48% 20%
6 months € 9.24 30% 52% 18%


Figures as of 4th November 2025

Disclaimer: All opinions, estimates, forecasts, data, and recommendations regarding the performance of CaixaBank made by analysts in the reports listed herein are theirs alone. Neither CaixaBank nor its managers have verified or tested the content of these reports.

The inclusion of these reports on CaixaBank corporate website does not imply the endorsement by the company or its constituent administrators of the content, conclusions or recommendations contained therein. The list of research reports included in this section no way represents a complete or updated collection and its publication and should not be interpreted as a request or recommendation to buy, sell or hold CaixaBank securities.

CaixaBank Group consensus estimates for 3Q25e

 

In €M 3Q25e
Net interest income 2,663
Revenues from services (1) 1,289
Wealth management revenues 493
Protection insurance revenues 289
Banking fees 504
Gross income 4,031
Recurring operating expenses -1,607
Pre-impairment income 2,422
Loan loss Provisions -245
Pre-tax income 2,097
Net profit attributable to the Group 1,421




Pro-memoria
Net fees and commissions 965
Insurance Service Result 322


(1) Total revenues from wealth management, protection insurance, and banking fees. This is equivalent to the total of "Net fees and commissions" and "Insurance Service Result", although the totals may differ due to the differences in the number of analyst contributions to each line.


Figures as of 15 October 2025 with previews estimated by analysts.

Averages based on a minimum of 15 analysts' estimates.

 

CaixaBank Group consensus estimates for 2025-27e

 

In €M 2025e 2026e 2027e
Net interest income 10,659
11,034 11,664
Revenues from services (1) 5,242
5,484 5,715
Wealth management revenues 1,990 2,127 2,254
Protection insurance revenues 1,173 1,229 1,285
Banking fees 2,078 2,127 2,169
Gross income 16,173
16,786 17,657
Recurring operating expenses -6,410 -6,673 -6,923
Pre-impairment income 9,758
10,108 10,729
Loan loss Provisions -915 -1,070 -1,150
Pre-tax income 8,535
8,747 9,293
Net profit attributable to the Group 5,766
5,906 6,261




Pro-memoria
Net fees and commissions 3,956 4,122 4,278
Insurance Service Result 1,284 1,359 1,430


(1) Total revenues from wealth management, protection insurance, and banking fees. This is equivalent to the total of "Net fees and commissions" and "Insurance Service Result", although the totals may differ due to the differences in the number of analyst contributions to each line.


Figures as of 15 October 2025 with previews estimated by analysts.

Averages based on a minimum of 16 analysts' estimates.


1. Consensus based on the compilation of estimates provided by analysts covering CaixaBank’s shares. Contributions from different sets of analysts may lead to estimates that differ from consensus figures published by other financial information providers.

2. Consensus estimates will be published provided the number of analysts contributing to its calculation is higher than 50% of the total number of analysts covering CaixaBank’s shares.

3. CaixaBank makes no warranty, express or implied, as to the accuracy or completeness of the referred information. The achievement of these estimates is in no way warranted by CaixaBank.

4. These estimates, which are not subject to the obligation to disclose information required by the Comisión Nacional del Mercado de Valores (CNMV), are provided as a courtesy and for possible convenience and informational purposes only. They are not intended to imply any endorsement or provide any investment advice.

5. CaixaBank shall have no liability whatsoever (in negligence or otherwise) for any damage or loss howsoever arising from any use of this information.

6. Please note that all estimates correspond to CaixaBank Group.