Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Here’s What Happened

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.84, but opened at $11.3350. Raiffeisen Bank International shares last traded at $11.3350, with a volume of 144 shares.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Raiffeisen Bank International currently has an average rating of “Buy”.

Raiffeisen Bank International Trading Down 6.0%

The stock has a market cap of $14.05 billion, a PE ratio of 9.89 and a beta of 1.10. The business has a 50 day moving average of $11.86 and a 200-day moving average of $10.23.

Raiffeisen Bank International (OTCMKTS:RAIFY) last released its quarterly earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. Raiffeisen Bank International had a net margin of 10.91% and a return on equity of 6.19%. The business had revenue of $2.63 billion during the quarter.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.