BBVA : T2 2019 rassurant mais guidance challenging
>Une dynamique opérationnelle trompeuse - BBVA a publié des chiffres T2 2019 d’assez bonne facture, avec un RN s’établissant à 1.28 Md€ (+7% vs cons, mais -5% yoy), dans une large mesure soutenu par un coût du risque moins élevé qu’anticipé (77 pb) notamment en Turquie.Revenus = 5.92 Md€ (+1% vs cons, -1% yoy).Revenus d’intérêt = 4.57 Md€ (+3% vs cons, +5% yoy) – bonne tenue de l’activité commerciale y compris en Espagne. Le groupe laisse inchangée sa guida...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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