Previous close | 9.23 |
Open | 9.22 |
Bid | 0.00 x N/A |
Ask | 9.47 x N/A |
Day's range | 9.23 - 9.23 |
52-week range | 6.86 - 11.23 |
Volume | |
Avg. volume | 6,880 |
Market cap | 55.408B |
Beta (5Y monthly) | 1.49 |
PE ratio (TTM) | 6.79 |
EPS (TTM) | 1.36 |
Earnings date | 31 Jul 2024 |
Forward dividend & yield | 0.55 (5.96%) |
Ex-dividend date | 08 Apr 2024 |
1y target est | N/A |
MADRID (Reuters) -BBVA won shareholder support for a capital increase to fund its 12 billion euro ($13 billion) hostile bid for smaller rival Sabadell on Friday, as Spain's second-biggest bank, attempts to strengthen its position at home. BBVA relies on Mexico for more than half of its profit and combining with Sabadell, after a failed merger attempt in 2020, would create a bank with more than 1 trillion euros in total assets and mark the latest consolidation in Spanish banking. "The proposed transaction increases our scale and also strengthens our position in Spain, an attractive market for investment," BBVA Chairman Carlos Torres said in Bilbao, where shareholders approved a share issue of up to 1.126 billion shares to fund the deal at an extraordinary meeting.
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.