BBVA Reports Decent 2Q; Lower Trading Results Offset Uptick in Recurring Revenue
BBVA reported solid 2017 results with preprovision profit growth of 8% relative to 2016. We maintain our EUR 7.80/$9.20 fair value estimate and narrow moat rating.Net attributable profit was depressed by a sizeable EUR 1 billion impairment that BBVA had to take against its investment in Spanish telecommunications giant Telefonica, after its share price came under pressure. We therefore chose to focus on the above-the-line operating income line item, or preprovision profit, as it excludes the ...
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.