BUZZ-Banco Sabadell rises after stronger-than-expected Q1 results

Reuters

2025/05/08

** Shares of Spain's Banco Sabadell SABE.MC rise around 2% after it reported stronger-than-expected quarterly earnings in Spain and the UK

** The lender also raised its shareholder payout target for 2024 and 2025 to 3.4 billion euros from the previous 3.3 billion euros

** J.P.Morgan says profit beat is mainly explained by stronger than expected non-core revenues, good delivery on costs and benign credit losses

** The stock, which up to the previous session's close was up 36% YTD, is among top risers on Madrid's blue-chip index Ibex 35 .IBEX

(Reporting by Marta Serafinko in Gdansk)

((Marta.Serafinko@thomsonreuters.com; +48 58 769 66 00;))

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