BBVA
Strong results driven by LLP and Mexico
BBVA (BUY, TP EUR7.5) Investment catalyst: BBVA reported strong Q416 net profit of Eur678m compared to our estimate of Eur549m and consensus of Eur510m, thus bottom line […]
For now, Bancomer fears seem exaggerated
BBVA (BUY, TP EUR7.5) Click to open BBVA shares were hammered following US election results, ending the day down 10%. This is mainly due to […]
Solid Q3 2016 results
BBVA (BUY, TP EUR7.5) BBVA reported solid Q316 net profit of Eur975m compared to our estimate of Eur820m and consensus of Eur877m. NII was Eur4.4bn +3% […]
Strong Q2 2016 results
BBVA (BUY TP EUR7.5) BBVA reported strong Q216 net profit of EUR1.123bn compared to our estimate of Eur820m and consensus of Eur923m. NII was Eur4.2bn […]
Further cost cutting ahead
BBVA (BUY, TP EUR7.5) BBVA is going to create a new strategic plan that has not yet announced to market, according to El Confidencial. The main […]
BBVA (BUY, TP EUR7.5)
Bottom line weaker, emerging markets solid BBVA reported Q1 2016 net profit of EUR709m vs. EUR885m consensus and our estimate. Banking activities in Spain and Turkey […]
Upgrade to BUY on strong capital, coverage ratio, Mexico
BBVA (BUY, TP EUR7.5) BBVA reported better-than-expected results with a Q4 2015 net profit of EUR940m versus our estimate of EUR821m and consensus of EUR881m. […]
BBVA (BUY from Neutral, EUR7.5)
Strong capital, coverage ratio, Mexico BBVA results beat expectations with a Q4 2015 net profit of EUR940m vs our estimate of EUR821m and consensus of EUR881m. […]
BBVA (Neutral, TP EUR9.2)
Garanti hits Q3 2015, NII strong, trading gains weak BBVA reported Q3 net loss of Eur1.06bn versus consensus of Eur870m. There was the following one-off: the […]
Q2 2015 results hit by one-offs. Valuation rich
BBVA (Neutral, TP EUR9.2) BBVA reported better than expected results with a Q215 net profit of Eur1,2bn vs consensus and our estimates of Eur900m. However […]