Madrid/Málaga, (EFE).- Unicaja’s shares plummeted almost 8% in the stock market session this Friday, after reporting to the market a profit of 34 million euros in the first quarter of the year, 43, 2% less, after fully calculating the new tax on banks, which amounts to 63.8 million.
If this temporary tax had not been made effective, Unicaja’s profit would have risen to 98 million, almost 63% more.
After the opening of the day, the bank’s titles lead the falls both in the IBEX 35 and in the entire continuous market.
They drop 7.84%, to 0.941 euros per share. With this fall, in the accumulated of the year, the entity loses 4.21% of its value on the Stock Market.
The drag to the rest of the banks
The collapse of Unicaja drags down the rest of the listed banks of the IBEX 35: Sabadell leaves 2.92%; CaixaBank, 2.17%; Santander, 2%; Bankinter, 1.97%, and BBVA, 0.81%.
Renta4 experts have explained that Unicaja’s results have been below their estimates and those of the market consensus, with a net profit of 34 million euros.
Despite the fact that the same experts expected a negative reaction from the price, they overweight the stock, with a target price of 1.48 euros per share. EFE
The Unicaja entry collapses almost 8% on the Stock Market after announcing that it earned 43% less, it was first published in EFE Noticias.