BBVA's shares in Spain have shown impressive returns lately, as its once underperforming domestic operations are now making good profits. Although falling interest rates may signal a peak for the Spanish market, management efforts and a rebound in growth should help maintain strong earnings. With BBVA still trading at a low forward P/E ratio, it has the potential for double-digit annual returns moving forward.
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (“BBVA Argentina” or “BBVA” or “the Bank”) has released its consolidated results for the fourth quarter of 2024, which ended on December 31, 2024. Since January 1, 2020, the Bank has been reporting its results adjusted for inflation in line with IAS 29. To make comparisons easier, the figures for the same quarters in 2023 and 2024 have also been updated according to IAS 29.
Is Banco Bilbao (BBVA) a strong choice for momentum investors? Let's take a closer look.
BBVA, a Spanish bank, made a hostile takeover offer for the smaller bank Sabadell about 10 months ago. The competition regulator is expected to reveal the results of its review in March, which will be a crucial moment for the bid.
Banco Bilbao (BBVA) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
BBVA announced on Monday that it has raised its goal for lending to businesses deemed sustainable to 700 billion euros ($732.7 billion) over the next five years.
According to a report from Cinco Dias on Friday, Spanish bank BBVA has engaged investment bank Rothschild to help sell a portion of its majority ownership in the Crea Madrid Nuevo Norte (Crea MNN) real estate project.
Cesar Gonzalez-Bueno, the Chief Executive of Spain's Sabadell, stated on Monday that the solutions suggested by BBVA in its takeover bid do not adequately resolve competition issues.
César González-Bueno, the CEO of Banco Sabadell, stated that BBVA's effort to acquire its local competitor is "definitely not" going to take place.
BBVA's stock prices increased after the bank reported better-than-expected results, thanks to robust performance in its Spanish market.