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Bankia's shares slide on net interest income fears, CFO predicts Q4 uptick

Oct 30, 2018 - SNL European Financials Daily
Mergers and Acquisitions-Financial Results

Shares of Bankia SA fell more than 5% on Oct. 29 after the Spanish lender posted a 5% drop in quarterly net interest income, though the bank's executives remain confident in an upturn in the fourth quarter.

The bank's shares dropped more than 5% shortly after the market opened, recovering slightly in early afternoon trading, but were still down 4.39% at 1444 GMT as investors fretted over the outlook for lending in a competitive Spanish market. Third-quarter net interest income came in at ...