Report

BBVA : Q1 2019: no clear fundamental upturn…

>Q1 2019 aided by situation in Turkey not being as bad as expected - BBVA has reported Q1 2019 figures a shade higher than forecast (net profit = € 1.16bn, +2% vs consensus but -13% y-o-y), mainly underpinned by the situation in Turkey being less challenging than expected (cost of risk). Revenues = € 6.1bn (+1% vs consensus, flat y-o-y)Interest revenues = € 4.4bn (+1% vs consensus, +3% y-o-y) – good relative performance despite less favourable seasonal imp...
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.

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