Added to YB: 2024-07-12
Pitch date: 2024-07-10
BBVA [bullish]
Banco Bilbao Vizcaya Argentaria, S.A.
+131.39%
current return
Author Info
No bio for this author
Company Info
Banco Bilbao Vizcaya Argentaria, S.A. provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.
Market Cap
EUR 105.8B
Pitch Price
EUR 9.78
Price Target
N/A
Dividend
3.81%
EV/EBITDA
N/A
P/E
10.58
EV/Sales
N/A
Sector
Banks
Category
special_situation
ClearBridge International Growth EAFE Strategy New Position - Banco Bilbao Vizcaya Argentaria, S.A.
BBVA: Profitable bank, strong in Mexico (largest profit pool, underbanked market). Spanish rival Sabadell takeover likely Q1 2025, consolidating Spanish market position. Accretive deal. Digital capabilities strong. Increased position on takeover uncertainty-related price weakness. Mexico's new govt not expected to impact banking sector significantly.
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