Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Banco Bilbao Vizcaya Argentaria, S.A.    BBVA   ES0113211835

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(BBVA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BBVA, Sabadell Are in Merger Talks -- Update

11/16/2020 | 12:55pm EST

--BBVA and Sabadell are in talks over a potential merger that would create a bank with a market cap of about EUR27.5 billion

--The talks follow other M&A operation in the European banking sector, as Italy's Intesa Sanpaolo SpA has secured support to acquire UBI Banca, and Spain's CaixaBank is taking over Bankia

--BBVA shares closed up more than 15% Monday, while Sabadell gained almost 25%

 
  By Pietro Lombardi 
 

Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA are in talks over a potential merger that would create a banking giant with a market cap of roughly 27.5 billion euros ($32.54 billion), a further signal that a long-expected consolidation in the European banking sector may be gathering pace.

The coronavirus pandemic has forced European banks to make hefty provisions for expected loan losses sparked by the crisis, adding to existing challenges like low interest rates and costs related to IT and regulation. All this has put the focus back on consolidation in the overcrowded banking landscape, with Italy's Intesa Sanpaolo SpA recently securing support to acquire UBI Banca, while Spain's CaixaBank SA is taking over Bankia SA.

BBVA and Sabadell said Monday that they have started a due diligence process and appointed external advisors.

"No decision has been made in relation to the potential merger transaction and there is no certainty as to whether any such decision will be made or, if that is the case, as to the terms and conditions of a potential transaction," BBVA said.

The news comes just after BBVA agreed to sell its U.S. subsidiary to PNC Financial Services Group Inc. for $11.6 billion. The lender will be able to use such firepower in a potential tie-up with its smaller peer. Capital was seen as a key obstacle to BBVA's potential role in M&A, and the sale of its U.S. operations addresses this issue, strengthening its core tier-one ratio by roughly 300 basis points to 14.5%, well above regulatory requirements. It also boosts its valuation.

With European regulators moving to ease some conditions for mergers and the Spanish Prime Minister having recently called for more consolidation, investors had bet on this potential merger.

On Monday, BBVA shares closed more than 15% up, while Sabadell gained almost 25%.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

11-16-20 1254ET

Stocks mentioned in the article
ChangeLast1st jan.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.32% 4.11 Delayed Quote.1.31%
BANCO DE SABADELL, S.A. 1.81% 0.39 Delayed Quote.7.71%
BANKIA, S.A. -0.26% 1.5245 Delayed Quote.5.35%
CAIXABANK, S.A. 0.27% 2.228 Delayed Quote.5.81%
INTESA SANPAOLO S.P.A. 0.61% 1.9146 Delayed Quote.-0.55%
PNC FINANCIAL SERVICES GROUP, INC. -4.16% 154.78 Delayed Quote.3.88%
All news about BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
01/13BANCO BILBAO VIZCAYA ARGENTARIA S A : BBVA USA offers Bama-branded Visa debit ca..
AQ
01/11Telecom Italia debuts on green bond market with 1-bln-euro sale
RE
01/11'A MAJOR OPPORTUNITY IS AHEAD OF US' : BBVA and PNC kick off town halls across l..
AQ
01/08BANCO BILBAO VIZCAYA ARGENTARIA S A : Banking Leader of the Year Bronze Award gi..
AQ
01/06European ADRs Climb Sharply Higher in Wednesday Trading
MT
2020Unicaja merger values Liberbank at 763 million euros
RE
2020Unicaja merger values Liberbank at 763 million euros
RE
2020Unicaja and Liberbank announce creation of Spain's fifth-biggest bank
RE
2020GLOBAL MARKETS LIVE: Microsoft attacked, Coca-Cola cuts jobs...
2020Sabadell to name industry veteran Gonzalez-Bueno as new CEO, source says
RE
More news
Financials
Sales 2020 23 129 M 27 890 M 27 890 M
Net income 2020 760 M 916 M 916 M
Net Debt 2020 - - -
P/E ratio 2020 35,9x
Yield 2020 1,30%
Capitalization 27 136 M 32 808 M 32 721 M
Capi. / Sales 2020 1,17x
Capi. / Sales 2021 1,26x
Nbr of Employees 124 110
Free-Float 99,8%
Chart BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Duration : Period :
Banco Bilbao Vizcaya Argentaria, S.A. Technical Analysis Chart | BBVA | ES0113211835 | MarketScreener
Technical analysis trends BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 4,06 €
Last Close Price 4,09 €
Spread / Highest target 34,5%
Spread / Average Target -0,68%
Spread / Lowest Target -51,7%
EPS Revisions
Managers and Directors
NameTitle
Onur Genç Chief Executive Officer & Director
Carlos Torres Vila Group Executive Chairman
Jaime Saenz de Tejada Pulido Chief Financial Officer & Global Head-Finance
Carlos Loring Martínez de Irujo External Director
José Maldonado Ramos External Director