Banco Bilbao Vizcaya Argentaria First-Quarter 2018: Strong Euro Obscures Strong Operational Results
BBVA reported a 10% year-on-year increase in net profits for the first quarter of 2018, however, the increase was all due to lower credit losses--preprovision profits declined by 5% relative to the first quarter of 2017. We maintain our EUR 8.00/$9.00 fair value estimate and narrow moat rating.Revenue declined by 5%, mainly due to a 40% decline in the volatile trading income line, the more stable net interest income and fee income lines were flat. The strong euro, however, had a meaningful impa...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.