Some of the names on the move ahead of the open.» Read More
*Santander, BBVA and CaixaBank seen top investors. MADRID, Oct 5- Spain's healthy listed banks, Santander, BBVA and CaixaBank, will likely be the biggest investors in the country's "bad bank" with foreign investors steering clear, banking sources said on Friday.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
*Berenberg starts Commerzbank AG with sell rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
"Markets see the exercise as a step forward because the capital shortfalls for each banks have finally been identified and now the bank recapitalisations can move on", said Juan Pablo Lopez, banking analyst at Espirito Banco. Shares in Santander gained 0.79 percent to 5.839 euros, while BBVA climbed 0.86 percent to 6.065 euros per share.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
"The stake in Erste Group controlled by Erste Foundation after the transaction will amount to an approximate 20.2 percent," a statement said, adding the foundation was not planning any further share sales.
Retail stocks update: If February same store sales were so strong, how come the S&P Retail Index (RLX) is only up 0.8 percent and is LAGGING the rest of the market? So I have been asked. Here is the answer...
On the surface, the retail sales reports were good this morning. February retail same-store sales were up 4.3 percent, according to RetailMetrics, well above expectations of a gain of 3.8 percent. This is good news, but there's a problem: there's fewer and fewer retailers reporting monthly numbers.