BBVA : A solid Q3 2020 but caution is the byword in the short to medium term
>Favourable trend at the operating level and in terms of capital vs guidance challenged by macro/COVID context - The group reported solid figures for Q3 2020 – net profit came in well above expectations at € 1.1bn (vs the consensus at € 0.8bn), with a positive delta to a large extent associated with loan-loss provisions (-35% vs the consensus at € 0.9bn).NBI was 2% higher than expectations at € 6.7bn (+2% q-o-q & -8% y-o-y), i.e. an admittedly encouraging trend d...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.