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UPDATE 2-Caixabank's net profit jumps, books Bankia gain


Q1 net profit 4.79 billion euros, including accounting gain
Sees cost of risk of new bank under 50 bps in 2021 vs 77 bps
Net interest income under pressure, gross income up (Recasts, adds detail on costs, share price)
MADRID, May 6 (Reuters) - Caixabank’s net profit jumped almost six-fold in the first quarter and the bank tentatively lowered its guidance on pandemic-related costs, providing a boost as it integrates the purchase of Bankia.
Net profit without accounting gains reached 514 million euros ($617 million) in January-March compared to 90 million in the same quarter a year ago, beating analysts’ average forecast of 342 million euros, after the bank did not set aside any provisions against the impact of COVID-19. ....

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