CaixaBank Set to Benefit From Elevated Rate Backdrop — Market Talk

CaixaBank's stock is no longer at a large premium despite strong growth, UBS's Ignacio Cerezo and Alvaro Fernandez-Garayzabal write. The higher-for-longer rate environment means rate-geared banks should benefit, UBS says, with Caixa one of the best options for this in Iberia. UBS expects Caixa's ea…