BBVA Stock Overview

BBVA's stock prices increased after the bank reported better-than-expected results, thanks to robust performance in its Spanish market.

On Thursday, BBVA announced that its net profit for the fourth quarter increased by 18% compared to the same time in 2023, driven by strong results in Spain. The bank plans to grow further by making a takeover offer for the smaller competitor Sabadell, which is valued at about 12 billion euros.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 3:30 AM ET. The call will feature company representatives, including Patricia Bueno Olalla, the Global Head of Shareholder and Investor Relations, and Onur Genç, the CEO. Various participants from different financial institutions will also join the call.

Carlos Torres Vila, the chairman of BBVA, stated that "Mexico will succeed" despite the difficulties posed by possible trade tariffs from the U.S.

Carlos Torres Vila, the Chair of BBVA, talks about the merging of banks in Europe at the World Economic Forum in Davos.

Spanish Prime Minister Pedro Sanchez emphasizes the importance of the European Union having a positive relationship with the new administration of Donald Trump. He also addresses the issue of taxes for foreign homeowners and shares his expectations for the new management at Telefonica SA.

On Thursday, Spanish bank BBVA announced that it has modified its tender offer for the smaller competitor Sabadell by lowering the minimum acceptance requirement from its earlier proposal.

BBVA Argentina (BBAR) is set to grow significantly as Argentina's economy improves under President Javier Milei's liberal policies, which have helped stabilize the currency and lower inflation. Milei's reforms, such as cutting public spending and taxes, have greatly enhanced the country's economic situation. BBAR has demonstrated strong financial results, with notable rises in loans and deposits, as well as a decrease in non-performing loans, suggesting a solid base for future expansion.

BBVA announced on Monday that Mexico's competition authority, Cofece, has approved its indirect control over the shares that Sabadell owns in various units in Mexico.