Report

BBVA : Favourable Q2 2018 numbers but risks intact

>So far so good… but risk intact in two key markets - Q2 2018 release higher than expected (net earnings € 1.3bn vs € 1.2bn for consensus, +18% y-o-y / pre-tax underlying earnings € 2.2bn vs € 2.0bn for the consensus, +12% y-o-y), driven by a favourable top line and a lower-than-expected cost of risk.Revenues were in line with forecast, coming to € 6.0bn, underpinned by the recurring component (NII = € 4.4bn, +2% vs consensus and -3% y-o-y / commissions = € 1.3bn...
Underlying
BBVA Colombia

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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