BBVA : Q4 2019 fairly convincing but the outlook less so
>Few mishaps, but not many catalysts either… - The group reported its Q4 2019 figures without any negative surprises – net profit (reported or adjusted for goodwill impairment of ~€ 1.3bn for BBVA USA) was around 9% higher than expected (respectively € 1.16bn and a net loss of € 155m). An analysis of the positive difference with expectations (around € 0.1bn) paints quite a mixed picture with:(+) NBI of € 6.42bn, 7% higher than forecast. But half of this is due t...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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