Spain's BBVA on Wednesday said its second-quarter net profit rose 38% from the same period in 2023 thanks to a solid performance in Spain, where it wants to buy smaller rival Sabadell to reduce its reliance on Mexico, its main market.
Banco Sabadell is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA because other banks would also face competition concerns, Sabadell's CEO Cesar Gonzalez-Bueno said.
BBVA's Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell.
BBVA's chairman said on Friday the bank had "no need" to improve its hostile bid for Sabadell , and when asked repeatedly to rule out the option of adding cash said it was not his intention to do so.
Banco Bilbao (BBVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
NEP, BBVA and M made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 25, 2024.
The head of Spain's stock market supervisor, Rodrigo Buenaventura, said on Friday that it was difficult to estimate the potential impact of an alleged spying case on Spain's second-biggest lender BBVA in terms of fines or reputational damage.
A Spanish High Court judge proposed Spain's second-largest lender BBVA and its former chairman stand trial for alleged bribery and disclosure of company secrets following a probe into alleged corporate spying, a court document showed on Thursday.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Bilbao (BBVA) have what it takes?
The head of Spain's anti-trust watchdog, Cani Fernandez, said on Tuesday that the Spanish government could set additional conditions in its review of the 12.28-billion-euro ($13.16 billion) takeover bid launched by BBVA over its smaller rival Sabadell.
Spanish bank BBVA is reportedly considering opening a digital consumer bank in Germany. In this effort, the bank will use existing technology to lower the cost of expansion, Bloomberg reported Monday (June 17), citing unnamed sources.
The Chairman of Spanish lender BBVA Carlos Torres on Monday said that one of the reasons behind its takeover bid of Sabadell was the smaller lender's significant market share in lending towards small and mid-sized companies which it vowed to uphold.