Spain's BBVA plans to double revenues in its corporate and investment banking unit in the next few years as part of a new strategy to be announced later in 2025, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Shares of Spain's BBVA have delivered an exceptional return in recent years, as its previously struggling domestic business is now recording strong profits. Falling interest rates likely mark the peak for the Spanish business, but management actions and a return to solid volume growth will keep earnings resilient. BBVA still trades for a single-digit forward P/E, and this can support double-digit annualized returns from here.
Does Banco Bilbao (BBVA) have what it takes to be a top stock pick for momentum investors? Let's find out.
Spanish bank BBVA's hostile takeover bid for smaller rival Sabadell , announced 10 months ago, faces its latest test as soon as March when the competition regulator may announce the results of its review.
Banco Bilbao (BBVA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Spain's stock market supervisor CNMV will wait for the government's decision and the competition watchdog's review of BBVA's hostile bid for Sabadell before deciding on the potential authorisation of the takeover prospectus, CNMV chief Carlos San Basilio said on Wednesday.
BBVA has increased its target for lending to businesses the Spanish bank considers sustainable to 700 billion euros ($732.7 billion) over the next five years, it said on Monday.
Spanish lender BBVA has hired investment bank Rothschild to sell part of its majority stake in the Crea Madrid Nuevo Norte (Crea MNN) real estate project, newspaper Cinco Dias reported on Friday.
Chief Executive of Spain's Sabadell Cesar Gonzalez-Bueno on Monday said that the remedies proposed by BBVA in its takeover offer were insufficient to address competition concerns.
Banco Sabadell CEO César González-Bueno says BBVA's takeover attempt of its domestic rival is "absolutely not" going to happen.
BBVA shares rose after the bank's results beat expectations, boosted by strong activity in its Spanish home market.
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA ) Q4 2024 Earnings Conference Call January 30, 2025 3:30 AM ET Company Participants Patricia Bueno Olalla – Global Head-Shareholder and Investor Relations Onur Genç – Chief Executive Officer Luisa Gómez Bravo – Chief Financial Officer Conference Call Participants Benjamin Toms – RBC Francisco Riquel – Alantra Antonio Reale – Bank of America Maksym Mishyn – JB Capital Alvaro Serrano – Morgan Stanley Ignacio Ulargui – BNP Paribas Carlos Peixoto – CaixaBank Britta Schmidt – Autonomous Research Andrea Filtri – Mediobanca Hugo Cruz – KBW Cecilia Romero – Barclays Ignacio Cerezo – UBS Patricia Bueno Olalla Good morning.