Banco Bilbao Vizcaya Argentaria, S.A.(BBVA)- NYSE
  • Wed, Aug. 24, 5:38 PM
    • Top gainers, as of 5.25 p.m.: GES +15.1%. TLYS +10.2%. BLDP +10.1%. WDAY +9.7%. TI +3.6%.
    • Top losers, as of 5.25p.m.: HPQ -4.9%. LCI -4.1%. BBVA -2.2%. GGB -1.4%. AER -2.3%.
    | Wed, Aug. 24, 5:38 PM
  • Fri, Jun. 24, 12:45 PM
    | Fri, Jun. 24, 12:45 PM
  • Fri, Jun. 24, 9:11 AM
    | Fri, Jun. 24, 9:11 AM | 18 Comments
  • Thu, Apr. 28, 9:16 AM
    | Thu, Apr. 28, 9:16 AM
  • Thu, Mar. 10, 9:15 AM
    | Thu, Mar. 10, 9:15 AM
  • Thu, Mar. 10, 8:58 AM
    • The ECB staff has cut its growth and inflation projections, and sees risks skewed to the downside, says Mario Draghi in opening remarks at his press conference.
    • The central bank earlier fired its bazooka, cutting rates, boosting QE, and announcing four new LTRO operations.
    • Staff sees inflation at just 0.1% this year vs. its previous forecast of 1%. For 2017, inflation is now seen at 1.3% vs. 1.6% previously.
    • Rates will remain at present or lower levels for "an extended period," says Draghi.
    • The banks are partying: Deutsche Bank (NYSE:DB) +5%, Santander (NYSE:SAN+4.9%, Credit Suisse (NYSE:CS+1.8%, UBS +1.7%, ING +5%, BBVA +5% premarket
    • ETF: EUFN
    • Previously: Stocks jump higher after ECB unloads bazooka (March 10)
    | Thu, Mar. 10, 8:58 AM | 11 Comments
  • Mon, Feb. 8, 2:24 PM
    • It is the European banks and contagion concerns that are freaking out the markets today - not just the Fed, China and crude oil - according to David Rosenberg, noting that some of the European banks are trading at 2008 crisis levels after the group has tumbled 18% YTD vs. 11% for the STOXX 600 index.
    • European financial firms are taking a beating amid fears of "a chronic profitability crisis that makes it impossible for banks to build up barely-adequate capital bases," WSJ reports.
    • Deutsche Bank (DB -9.8%) is down another ~10%, bringing its YTD loss to nearly 40% while its valuation has fallen to ~30% of book value, and its credit default swaps spiked to their highest levels since 2012.
    • News of major withdrawals out of Credit Suisse (CS -4.2%) caused its shares to sink 11% last week, hitting a 24-year low, and Santander (SAN -6.2%), BBVA (BBVA -5.4%), and UniCredit (OTCPK:UNCFF -5.5%) are down to lows seen during the last eurozone financial crisis.
    • "Oil and the flatter yield curve alone do not explain the 12% plunge we have seen in S&P Financials so far this year," Rosenberg says, adding that BofA (BAC -6.1%), Citigroup (C -6.2%) and Wells Fargo (WFC -3.5%) all briefly touched 52-week lows last week - "an ominous signpost."
    • ETFs: XLF, FAS, FAZ, UYG, VFH, PSP, IYF, EUFN, BTO, IPF, IAI, IYG, SEF, FNCL, FXO, PFI, IXG, PEX, RYF, FINU, KCE, RWW, KBWC
    • Earlier: Markets extend two-day rout; gold gets 3% boost
    | Mon, Feb. 8, 2:24 PM | 36 Comments
  • Jun. 29, 2015, 9:16 AM
    | Jun. 29, 2015, 9:16 AM | 9 Comments
  • Apr. 20, 2015, 12:04 PM
    • "The ROE outlook for the European banks remains poor in our view," says Goldman. "Margins, impacted by monetary policy, are declining; the standalone cost-cutting opportunity has diminished; and provisioning leverage has played out."
    • To boost returns, Goldman sees strategic, rather than operational improvements as required. Among the big players, HSBC (HSBC +1.7%) has the most to gain from strategic streamlining, says the team, adding the stock to its Conviction List.
    • Pulled from the List to make room for HSBC is BBVA (BBVA -0.7%), whose rating has been downgraded to Neutral. Also part of the ratings changes, Bank of Ireland (OTCPK:IREBY -1.8%) is boosted to Neutral from Sell.
    • Previously: HSBC higher after Goldman touch (April 20)
    | Apr. 20, 2015, 12:04 PM
  • Feb. 4, 2015, 9:24 AM
    • Banco Bilbao Vizcaya Argentaria (NYSE:BBVA): FY'14 EPS of €0.44.
    • Revenue of €15.12B (+3.5% Y/Y).
    • Shares +1.4% PM.
    | Feb. 4, 2015, 9:24 AM
  • Oct. 27, 2014, 12:52 PM
    • “Judging from the market reaction today, investors don’t completely believe in the ECB," says Peter Garnry, head of equity strategy at Saxo Bank. "They are more pessimistic on the banks."
    • Financial firms were among the worst performers today following the release of ECB stress tests over the weekend, falling 0.9% vs. the Stoxx Europe 600's decline of 0.6%. Hardest hit were the Italian lenders after that country's banks made up a disproportionate share of those who failed the exams. Not failing, but nevertheless hit: Unicredit (OTCPK:UNCFF, OTC:UNCFY-2.6%, Intesa Sanpaolo (OTCPK:IITOF, OTCPK:IITSF, OTCPK:ISNPY-3.1%. Italy's FTSE MIB index (NYSEARCA:EWI) led European declines, falling 2.3%.
    • Also taking a hit despite no issues from the stress tests were Europe's larger banking powers: Santander (SAN -3%), Deutsche Bank (DB -1.6%), ING (ING -1.8%), BBVA (BBVA -2.3%).
    • EUFN -1.4%
    • Previously: ECB stress test failures centered among Italian banks
    | Oct. 27, 2014, 12:52 PM | 14 Comments
  • Jul. 10, 2014, 9:44 AM
    • When the going gets tough, the tough suspend trading. Portugal has halted trade in Banco Espirito Santo with the stock off 17.2% on the session and 54% over the last month. At issue are financial troubles for the bank's privately-owned holding company, Espirito Santo International. Its accounts are currently under review by an external auditor who has identified irregularities and concluded the company "is in serious financial condition."
    • Santander (SAN -5.8%), UBS (UBS -1.8%), Deutsche Bank (DB -3.1%), Bank of Ireland (IRE -5.6%), Credit Suisse (CS -2.8%), ING (ING -3.2%), BBVA (BBVA -3.1%). U.K. banks: Barclays (BCS -3.8%), RBS (RBS -1.9%), HSBC (HSBC -1.9%), Lloyds (LYG -2%).
    • European financial sector ETF: EUFN -2.4%.
    | Jul. 10, 2014, 9:44 AM | 7 Comments
  • May 3, 2013, 2:38 PM
    Spain's Banco Bilbao (BBVA +0.6%) gives up a the better part of its gains for the day after a downgrade to sell from Citigroup. No details yet, but it could be a valuation call on a stock that's risen more than 80% since last summer.
    | May 3, 2013, 2:38 PM
  • Mar. 18, 2013, 5:10 AM

    European bank shares slide following news of the levy on deposits in Cyprus, which has prompted concerns of a run on banks elsewhere in the eurozone. The Stoxx Europe 600 Banks index -2.1%. In Madrid, BBVA -3.7%; in Milan, Banca Popolare di Milano -3.9%, Intesa Sanpaolo -3.3%, Mediobanca -4.6%, Banca Monte dei Paschi di Siena -3.8%. In Paris, SocGen -4.2%, Credit Agricole -2.9%, BNP Paribas -3.3%. In Frankfurt, Deutsche Bank (DB) -2.8%.

    | Mar. 18, 2013, 5:10 AM
  • Aug. 2, 2012, 9:10 AM
    Premarket gainers: UNTD +16%. FSLR +16%. CAVM +11%. GMCR +10%. GILD +8%. GPS +7%. VHC +7%. PWR +7%. YGE +7%.
    Losers: KCG -57%. HALO -56%. MTG -40%. ARO -28%. SLTM -15%. LPSN -15%. ANF -15%. INCY -13%. VE -11%. BBVA -10%. SEE -10%. MWW -8%. RDN -7%. SAN -7%. NAV -7%. BWP -5%. BMY -5%. MTL -5%.
    | Aug. 2, 2012, 9:10 AM | 1 Comment
  • Jul. 26, 2012, 9:12 AM
    Premarket gainers: GENE +33%. PSDV +24%. IBIO +21%. S +18%. WDC +17%. AKAM +16%. PCS +14%. TEX +13%. FTNT +13%. STX +11%. WFM +11%. GNC +8%. UN +7%. CROX +7%. BBVA +7%. PHM +7%. SVU +6%. SAN +6%. PSTI +6%. EQIX +6%. ABB +6%. IOC +6%. AEM +6%. FTE +6%. MRVL +6%. NOK +5%. OVTI +5%.
    Losers: ZNGA -40%. NG -29%. STRA -17%. GLUU -8%. IPG -6%. ESI -7%. GRPN -6%. FB -6%. ALU -6%. STB -6%. ABX -5%. LVS -5%.
    | Jul. 26, 2012, 9:12 AM | 1 Comment
Company Description
Banco Bilbao Vizcaya Argentaria SA is a diversified international financial group, which engages in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking. The company operates through the following businesses: Banking activity in Spain,... More
Sector: Financial
Industry: Foreign Regional Banks
Country: Spain