BBVA : Pretty solid year-end vs caution on short-medium term outlook
>Broadly reassuring on operating performances and capital - The group reported solid Q3 2020 figures – net profit came in well above expectations at € 1.3bn (vs the consensus at € 1.1bn), with a positive delta to a large extent associated with loan-loss provisions (-24% vs consensus at € 1.1bn).Net banking income fell 2% short of expectations at € 5.3bn (-7% q-o-q & -18% y-o-y), which is broadly disappointing but not that surprising given the unfavourable rate en...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.
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