BBVA shares rose 0.62%, while Sabadell shares fell 1.68% after reporting quarterly earnings.

MADRID, October 31 (EUROPE PRESS) –

The market reacted to the publication of the quarterly results of BBVA and Banco Sabadell in the opposite way: the former closed the day with an increase of 0.62%, while the latter fell by 1.68%.

Although BBVA traded in the red in the early hours of trading with an intraday low of €8.82, it eventually closed the session at €9.15.

In turn, Sabadell shares traded in the red all day, closing at €1.7885 per share. The intraday low was €1,774 and the high was €1,811 per share.

CaixaBank, which also published its results this Thursday, was better received by investors. Shares closed up 1.27% at €5.59 and had an intraday high of €5.61.

On the one hand, BBVA reported a net profit of 7.622 million euros for the first nine months of 2024 as a whole, equivalent to an increase of 27.9% compared to the same period last year.

For its part, Banco Sabadell earned 25.9% more in the period from January to September than in the same period of the previous year, thus achieving a record profit of 1.295 million euros, which was almost equal to the profit for the whole of 2023 in nine months.

On the other hand, CaixaBank, which ended the first nine months of the year with a profit of 4.248 million euros, up 16.1% compared to the same period last year, registered a fall of 0.54% at around 09:15.