Banco Bilbao (BBVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
NEP, BBVA and M made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 25, 2024.
MADRID (Reuters) -The potential impact of an alleged spying case on Spain's second-biggest bank BBVA is difficult to estimate in terms of fines or reputational damage, the head of Spain's stock market supervisor, Rodrigo Buenaventura, said on Friday. A Spanish High Court judge on Thursday proposed that BBVA and its former chairman stand trial for alleged bribery and disclosure of company secrets following a probe into alleged corporate spying. A BBVA spokesperson said no criminal liability "arises for the entity from the events under investigation" and its priority had always been to cooperate fully with the courts.