BBVA : Q3 2018 results: Turkey set to weigh increasingly
>Operating: decent performance, but little leverage for an improvement - Yesterday, BBVA reported its Q3 2018 figures with net profit a little better than expected, coming to € 1.67bn (+4% vs consensus) and pre-tax underlying profit of € 1.57bn (+4% vs consensus). Note that the quarter was impacted positively by the disposal of BBVA Chile (+€ 633m) and negatively by the adjustment for hyperinflation in Argentina (-€ 190m).Revenues = € 5.52bn (+1% vs consensus, -...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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