Report
Benoit Valleaux ...
  • Steven Gould

BBVA : Amélioration des fondamentaux mais valorisation déjà élevée

>Opinion Neutre maintenue – OC porté à 5.4 € (vs 4.8 €) - Nous avons réalisé un update de nos estimations afin en particulier 1/ d’intégrer le rachat d’actions (10%) prévu d’ici la fin de l’année et associé à l’utilisation (partielle) du ‘buffer’ en capital post cession de BBVA USA, mais surtout 2/ de tenir compte de certains ajustements dans notre approche sur les perspectives opérationnelles du groupe. Suite aux chiffres affichés sur le S1 2021 et au regard de l’amé...
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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