BBVA : A smart first move, adequately preparing the next one
Opportunistic sale of BBVA USA provides substantial resources... - >BBVA unexpectedly announced on Monday morning the sale of its US subsidiary to the US bank PNC at 1.34x book value. The sale generated almost 300bp of CET1 capital boosting it to a very strong pro-forma level of 14.5% (fully-loaded), but this will be temporary.The divestment is a smart move at it would allow BBVA to exit at an attractive price a market where it lacked scale and evident competitiv...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.
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.
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.