Sabadell Bank Parquet continues to celebrate the results of 2022 and has achieved a rapid progress Stock exceeds Bankinter in market value. the unit that leads Cesar Gonzalez-Bueno It rose nearly 11% on the stock market on the same day it presented a profit to the market that was close to the entity’s record of 859 million euros after taxes. During the day on Friday, Sabadell gained another 5.2%, which put it at the end of the session with a market capitalization of 6,526 million euros. bankerFor its part, it closed the session last Friday with a slight increase of 0.06%, which placed it at 6.50 euros per share and a market capitalization of 5,946 million.
current valuation of Sabadell This is also in stark contrast to two-and-a-half years ago, when a merger was likely amid the coronavirus pandemic. Catalan unit and BBVA for a figure closer to 2,000 million, which is less than a third of what it is worth now.
and he is Sabadell Apart from meeting the objectives it had set, it exceeded all forecasts with its results. Moreover, it improved on the results of 2019, the previous year before the pandemic.
Beyond the 2022 numbers, he announced an increase in shareholder remuneration to 50% of profits. This figure represents a significant increase if one takes into account that the percentage that was delivered for 2021 results was 31.8% and the guide given for this year was 40%. Thus, the total remuneration amounts to 430 million, which is equivalent to a dividend yield of 8.7% considering the closing price of December 30, 2022, the last trading day of the previous year (0.88 euros per share).
In addition, the British subsidiary TSBWhich was also said to be valued at zero euros at the time of the merger proposal with the Basque-origin bank, closed 2022 with a pre-tax profit of £184 million (209 million euros), up 16.5% Was more. Achieving record profit before taxes since the integration of the brands into the group, as compared to the previous year.
Bankinter, on its part, also presented its results last week, achieving a record profit of 560 million euros, up 28% on the previous year, and achieving its objectives a year earlier. And all this, taking into account that last year the insurance company Linea Directa went broke.
for his part, he Roe deer (Return on Own Resources) also improved during 2022 and stood at 12% as compared to 9.6% in the previous year – excluding capital gains of the insurer-, though it still did not reach the 13%, which is the target of Covid. It was before the outbreak. Despite this, there was a rise of about 3 percent in the stock market that day.