Report
Steven Gould

BBVA : Un T3 2020 solide mais notre prudence reste de mise à CMT

>Evolution favorable de l’opérationnel/capital vs guidances challengées par le contexte macro/COVID - Le groupe a publié des chiffres solides au T3 2020. Le RN s’établit clairement au-dessus des attentes à 1.1 Md€ (vs consensus 0.8 Md€), avec un delta positif dans une large mesure associé à des provisions sur crédits (-35% vs consensus à 0.9 Md€).Le PNB ressort supérieur de 2% aux attentes à 6.7 Md€ (+2% qoq & -8% yoy), soit une évolution certes encourageante mal...
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.

Analysts
Steven Gould

Other Reports on these Companies
Other Reports from Oddo BHF
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
Cor Kluis ... (+2)
  • Cor Kluis
  • Julian Dobrovolschi

ResearchPool Subscriptions

Get the most out of your insights

Get in touch