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

Raiffeisen Bank International AG (OTCMKTS:RAIFYGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.42, but opened at $19.25. Raiffeisen Bank International shares last traded at $19.25, with a volume of 200 shares traded.

Raiffeisen Bank International Stock Performance

The company has a market cap of $24.68 billion, a P/E ratio of 8.95 and a beta of 1.24. The stock has a 50 day moving average price of $17.66 and a 200 day moving average price of $14.89.

Raiffeisen Bank International (OTCMKTS:RAIFYGet Free Report) last released its earnings results on Friday, July 31st. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Raiffeisen Bank International had a return on equity of 10.94% and a net margin of 19.31%.The firm had revenue of $2.67 billion for the quarter.

Raiffeisen Bank International Company Profile

(Get Free Report)

Raiffeisen Bank International AG (OTCMKTS:RAIFY) is an Austrian banking group headquartered in Vienna. The company provides banking and financial services to individuals, small and medium-sized businesses, corporate clients and institutional customers.

Its product and service offerings include current and savings accounts, consumer and mortgage lending, business financing, payment services, investment and wealth management, trade finance, leasing, and corporate and investment banking. RBI also serves larger clients through capital-markets, treasury and advisory services.

Raiffeisen Bank International operates in Austria and has historically maintained a broad network of banking subsidiaries and branches across Central and Eastern Europe, including markets such as the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia, Serbia, Bosnia and Herzegovina, Kosovo and Ukraine.

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