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

Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped up before the market opened on Tuesday . The stock had previously closed at $11.49, but opened at $12.18. Raiffeisen Bank International shares last traded at $12.39, with a volume of 851 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Raiffeisen Bank International Trading Up 6.8%

The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 17.59 and a beta of 1.11. The firm has a 50-day moving average of $10.79 and a 200-day moving average of $9.25.

Raiffeisen Bank International (OTCMKTS:RAIFY) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.67 earnings per share for the quarter. Raiffeisen Bank International had a positive return on equity of 3.09% and a negative net margin of 0.14%.The business had revenue of $2.63 billion for 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.