CaixaBank Hits €100B Market Value, State Stake Worth €16.8B

CaixaBank's market capitalization surpassed €100 billion for the first time, lifting the value of the Spanish state's 18% stake (inherited from Bankia) to €16.8 billion. The bank now trades at multiples comparable to JPMorgan, reflecting strong investor confidence in Spanish banking. This milestone underscores the state's potential windfall from its bailout-era holdings.