Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria is an international financial group, engaged primarily on providing banking services and consumer finance to private individuals and businesses in Spain and Portugal; providing real estate activity in Spain; providing services to international companies and investment banking, capital markets and treasury management services to clients; and providing the banking, insurance and pension businesses in Mexico and the U.S., as well as in South America.
  • TickerBBVA
  • ISINES0113211835
  • ExchangeMadrid Stock Exchange
  • SectorBanks
  • CountrySpain

Analysts

Research Department

IBERIAN DAILY 20 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BBVA, DOMINION, MEDIASET ESPAÑA, NATURGY. MARKETS YESTERDAY AND TODAY Last round of the earnings season European stock markets ended mixed in a session without practically any macro references while in the US the release of Home Depot and Kohl’s triggered sales. In the Euro STOXX, Travel&Leisure and Automobiles were the best performers vs. Media and Utilities that saw the biggest drops. On the macroeconomic level, in the euro zone, vehicle registration slowed down to 8.7% vs. 14.5% previously. In the US, housing starts rose less than expected in October although construction ...

Research Department

INFORME DIARIO 20 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BBVA, GLOBAL DOMINION, MEDIASET ESPAÑA y NATURGY. EUROPA: INTESA SANPAOLO, LINDE, KERING y VIVENDI Últimos coletazos de la campaña de resultados Cierre mixto en Europa en una jornada sin prácticamente referencias macro mientras que en EE.UU. la presentación de Home Depot y Kohl’s desencadenó las ventas. En el Euro STOXX los mejores sectores fueron Viajes&Ocio y Autos frente a Media y Utilities que se quedaron con las mayores pérdidas. Por el lado macro, en la Eurozona la matriculación de vehículos en octubre se desaceleró hasta el 8,7% frente al ...

Research Department

IBERIAN DAILY 18 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, BBVA, GRIFOLS, MEDIASET and MERLIN. MARKETS YESTERDAY AND TODAY Faced with the trade war L. Kudlow’s comments on the progress of talks and the imminence of the trade agreement between china and the US made easier the rally in stock markets worldwide. Thus, Euro STOXX saw generalised gains, led by cyclical sectors with higher correlation with the external sector such as Basic Resources, followed by Technology while Utilities was the only industry ending with losses. On the macroeconomic level, in Spain, the debt of the public administrations through Sept’19 ended at ...

Research Department

INFORME DIARIO 18 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA. ACERINOX, BBVA, GRIFOLS, MEDIASET y MERLIN. EUROPA: VIVENDI A vueltas con la guerra comercial Las palabras de L. Kudlow sobre los avances en las negociaciones y la proximidad del acuerdo comercial entre China y EE.UU. facilitó el rebote en las bolsas mundiales. Así, en un Euro STOXX que subió en bloque, protagonizaron las mayores ganancias los cíclicos más vinculados con el sector exterior como R. Básicos seguido por Tecnología mientras que Utilities fue el único sector que terminó con pérdidas. Por el lado macro, en España la deuda conjunta de l...

BBV.ARGT.SA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BBV.ARGT.SA (ES), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date November 15, 2019, the closing price was EUR 4.77 and its target price was estimated at EUR 4.16.

Banco Bilbao Vizcaya Argentaria, S.A.: Judge places Spain's BBVA under formal investigation in spying probe

The bank is under investigation in a corporate espionage case which exposes BBVA to potential regulatory action and reputational damage, a credit negative.

Banco Bilbao Vizcaya Argentaria, S.A.: Moody's affirms BBVA's ratings; outlook stable

Our credit view of Banco Bilbao Vizcaya Argentaria, S.A., reflecting its extraordinary business diversification and overall sound financial profile.

Banco Bilbao Vizcaya Argentaria, S.A.: Update to credit analysis

Our credit view of Banco Bilbao Vizcaya Argentaria, S.A., reflecting its extraordinary business diversification and overall sound financial profile.

Banco Bilbao Vizcaya Argentaria, S.A.: Update following affirmation of deposits at A2 and debt at A3; outlook stable

Our credit view of Banco Bilbao Vizcaya Argentaria, S.A., reflecting its extraordinary business diversification and overall sound financial profile.

Banco Bilbao Vizcaya Argentaria, S.A., Turkiye Garanti Bankasi A.S.: BBVA faces growing risks in troubled Turkish market

This report addresses questions about the challenges facing BBVA in Turkey.

Research Department

IBERIAN DAILY 20 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BBVA, DOMINION, MEDIASET ESPAÑA, NATURGY. MARKETS YESTERDAY AND TODAY Last round of the earnings season European stock markets ended mixed in a session without practically any macro references while in the US the release of Home Depot and Kohl’s triggered sales. In the Euro STOXX, Travel&Leisure and Automobiles were the best performers vs. Media and Utilities that saw the biggest drops. On the macroeconomic level, in the euro zone, vehicle registration slowed down to 8.7% vs. 14.5% previously. In the US, housing starts rose less than expected in October although construction ...

Research Department

INFORME DIARIO 20 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: BBVA, GLOBAL DOMINION, MEDIASET ESPAÑA y NATURGY. EUROPA: INTESA SANPAOLO, LINDE, KERING y VIVENDI Últimos coletazos de la campaña de resultados Cierre mixto en Europa en una jornada sin prácticamente referencias macro mientras que en EE.UU. la presentación de Home Depot y Kohl’s desencadenó las ventas. En el Euro STOXX los mejores sectores fueron Viajes&Ocio y Autos frente a Media y Utilities que se quedaron con las mayores pérdidas. Por el lado macro, en la Eurozona la matriculación de vehículos en octubre se desaceleró hasta el 8,7% frente al ...

Research Department

IBERIAN DAILY 18 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, BBVA, GRIFOLS, MEDIASET and MERLIN. MARKETS YESTERDAY AND TODAY Faced with the trade war L. Kudlow’s comments on the progress of talks and the imminence of the trade agreement between china and the US made easier the rally in stock markets worldwide. Thus, Euro STOXX saw generalised gains, led by cyclical sectors with higher correlation with the external sector such as Basic Resources, followed by Technology while Utilities was the only industry ending with losses. On the macroeconomic level, in Spain, the debt of the public administrations through Sept’19 ended at ...

Research Department

INFORME DIARIO 18 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA. ACERINOX, BBVA, GRIFOLS, MEDIASET y MERLIN. EUROPA: VIVENDI A vueltas con la guerra comercial Las palabras de L. Kudlow sobre los avances en las negociaciones y la proximidad del acuerdo comercial entre China y EE.UU. facilitó el rebote en las bolsas mundiales. Así, en un Euro STOXX que subió en bloque, protagonizaron las mayores ganancias los cíclicos más vinculados con el sector exterior como R. Básicos seguido por Tecnología mientras que Utilities fue el único sector que terminó con pérdidas. Por el lado macro, en España la deuda conjunta de l...

Alejo Cacio

Argentina (CMA): Banco BBVA Argentina SA Q3 19 review – mixed results

BBVA Argentina (BYMA/NYSE:BBAR) posted earnings of ARS11.1bn in Q3 19, 269% more than in Q3 18, and 64% on top of previous quarter figures. As of 1 July 2019, BBVA Argentina consolidated its JV in auto business with PSA, Rombo and VWFS, which was previously booked as equity income. Excluding the effect of the consolidation, the net income for the period would have been ARS10.7bn, +256% yoy and +58% qoq.

1 director bought

A director at Banco Bilbao Vizcaya Argentaria Sa bought 100,000 shares at 4.520EUR and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules...

Alain William ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/01/2019

Market expectations of a cut in the Fed’s policy rates have come true... Unless that is, that the Fed that has aligned itself with investor expectations. Is this really good news for equity markets? Not necessarily, as the recent trend in the cost of capital, in a context of a slowdown in earnings growth, tends to demonstrate the latter’s inertia. In other words, the gain on the risk-free rate is absorbed by an equivalent (if not greater) increase in the risk premium. Conclusion: indi...

Alain William ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/08/2019

Les anticipations de baisse de taux FED du marché se sont réalisées… A moins que ce ne soit la FED qui ne se soit alignée sur les attentes des investisseurs. Est-ce vraiment une bonne nouvelle pour les marchés actions ? Pas forcément car l’évolution récente du coût du capital, dans un contexte de ralentissement de la croissance bénéficiaire, tend à démontrer l’inertie de ce dernier. En d’autres termes, le gain sur le taux sans risque est absorbé par une augmentation équivalente (sinon...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/03/2019

Un examen objectif des moteurs de progression des indices (anticipations de croissance macroéconomique, dynamique des BPA, évolution des conditions monétaires et coût du capital) nous amène à penser que la dynamique observée depuis le début de l’année ne peut se maintenir à court terme. Bref, le marché (Stoxx 600) est en avance sur ses temps de passage et devrait entrer dans une bande de fluctuation que nous estimons comprise entre 355 et 384 points. En conséquence, l’attitude la plus...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

BBV.ARGT.SA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BBV.ARGT.SA (ES), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date November 15, 2019, the closing price was EUR 4.77 and its target price was estimated at EUR 4.16.

Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
Esther Castro ...
  • Maria Paz Ojeda

BANKING SECTOR REPORT: 2Q19 ESTIMATES - IN LINE WITH THE 2019 GUIDANCE (ANÁLISIS BANCO SABADELL)

BANKING SECTOR REPORT: 2Q19 ESTIMATES - IN LINE WITH THE 2019 GUIDANCE (ANÁLISIS BANCO SABADELL)

MarketLine Department

CaixaBank SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

CaixaBank SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's CaixaBank SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CaixaBank SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity und...

Expert Corporate Governance Service (ECGS)

BBVA, March 14 2019

In item 2.1, the Board proposes to appoint the former CEO Mr. Carlos Torres Vila as executive Chairman. We strongly regret that the roles of management and control are not separated, and we have serious concerns over the excessive remuneration of the Lead Independent Director (€ 584'000 in 2018, including cash and restricted shares), an amount that may seriously compromise his independent judgement of the Bank's management. Therefore, we recommend opposition. In item 2.2, the Board proposes to appoint the new CEO, Mr. Onur Genç, as executive Director. We have concerns over the short experienc...

Expert Corporate Governance Service (ECGS)

BBVA - March, 14 2019

In item 2.1, the Board proposes to appoint the former CEO Mr. Carlos Torres Vila as executive Chairman. We strongly regret that the roles of management and control are not separated, and we have serious concerns over the excessive remuneration of the Lead Independent Director (€ 584'000 in 2018, including cash and restricted shares), an amount that may seriously compromise his independent judgement of the Bank's management. Therefore, we recommend opposition. In item 2.2, the Board proposes to appoint Mr. Onur Genç as Group CEO. We have concerns over the short experience of Mr Genç in bankin...

Banco Bilbao – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Matthieu DRIOL

Analyse court terme - BBVA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4,9309 €. La tendance de fond serait remise en cause en cas de franchissement de 6,2824 €.

Matthieu DRIOL

Short term view - BBVA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €4.9309. The background trend would be questioned should prices rise above €6.2824.

Matthieu DRIOL

Analyse court terme - BBVA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4,931 €. La tendance de fond serait remise en cause en cas de franchissement de 6,282 €.

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