Report
Benoit Valleaux ...
  • Steven Gould

BBVA : A broadly reassuring Q2 2024 vs 2024 guidance

>Outperform opinion reiterated – Target price raised to € 13.6 (vs € 13.3) - BBVA’s operating performance in Q2/H1 2024 was solid at both the operating and balance-sheet levels. The group reiterated its confidence in 2024 guidance (as a reminder, the final year of the current MT strategic plan). We are raising our net profit forecasts for 2024-2026 by 4% on average, mainly because of the stronger outlook for revenues (NII and fee income) and despite a slightly more co...
Underlying
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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Steven Gould

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