Caixabank Q3 Net Profit Drops 42%

Spain's Caixabank SA reported a 42% drop in its third-quarter net profit. Its quarterly net profit declined to 7 million euros ($9.1 million), versus EUR12 million, in the year-ago period. Caixabank's net interest income surged 43% to EUR1.06 billion in the quarter. However, its January-September net profit dipped 80% to EUR173 million from EUR845 million.