Bullish
IBEX 35 nears historic highs as banking sector reports record profits
In the past 24 hours, the IBEX 35 index has approached its all-time highs, driven by record profits in the Spanish banking sector. The six major banks reported a combined profit of €20.164 billion in the first half of 2026, an 18% increase from the same period in 2025. This strong performance has bolstered investor confidence, contributing to the index's upward momentum.
Key points
- BBVA leads the banking sector with a 5% increase in share value, following strong financial results and a €2 billion share buyback announcement.
- Endesa revises its net profit forecast upwards, reaching new highs due to robust financial health.
- Despite geopolitical tensions and global market volatility, the IBEX 35 has demonstrated resilience, nearing historic peaks.
Sources
AI-generated from public news sources. Not financial advice.
