Caixabank Raises Profitability Target
Caixabank raised its profitability target for 2026 after reporting a third-quarter net profit of 1.76 billion euros. Solid insurance results and higher lending income helped offset rising deposit costs and loan-loss provisions.
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CaixaBank raised its 2026 profitability target after reporting a 21.7% increase in third-quarter net profit to €1.76 billion ($1.97 billion). The performance outperformed analyst forecasts of €1.63 billion. The gains were driven by strength in its insurance business and higher lending income.
