BofA Keeps CaixaBank at Buy as FY25 Updates Puts Focus Higher-than-Consensus Ambitions for FY27

12:01 AM EST, 02/02/2026 (MT Newswires) -- BofA Global Research kept its buy rating with a price objective of 12 euros on CaixaBank (CABK.MC) as it noted the lender's fourth-quarter 2025 results beat. Analysts said Jan. 30 the main highlight of the earnings report published on the same day, however, is the Spanish group's 2027 guidance of a 20% return on tangible equity and 12.5 billion euros in net interest income. Both are higher than the respective current consensus estimates of 17.9% and 12.05 billion euros, as well as BofA's NII estimate for the period of 12.4 billion euros. "Overall, we see value in the predictable and recurring nature of Caixabank's business, a deposit compounder in Spain, these upgrades imply +7-8% move by consensus in 2027," the research note said.