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

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(BBVA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/27 03:48:55 pm
3.798 EUR   -3.70%
11:04aEuropean ADRs Move Sharply Lower in Wednesday Trading
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Sabadell Trades Higher, BBVA Lower as Merger Talks Revealed

11/17/2020 | 04:28am EST

By Joshua Kirby

Shares in Banco de Sabadell SA traded higher in opening trade Tuesday, while its peer Banco Bilbao Vizcaya Argentaria SA traded down, following news that the two Spanish banks were in talks over a tie-up.

BBVA said Monday that the pair had started a due-diligence process and appointed external advisors ahead of a potential merger.

The announcement came the same day as news that BBVA had agreed to sell its U.S. subsidiary to PNC Financial Services Group Inc. for $11.6 billion.

Shares in Banco de Sabadell at 0850 GMT were up 2.5% at EUR0.43, while BBVA shares were down 4.2% at EUR3.50.

BBVA's sale of its U.S. subsidiary will ease a potential Sabadell tie-up by precluding the need to raise any further capital, analysts at Jefferies said in a note. A deal would be strategically reasonable, as it would give BBVA a broader SME footprint and a wider spread of market share across Spain's regions, Jefferies said.

Potential complications include Sabadell's ownership of U.K. lender TSB Bank and competition issues in the region of Catalonia, Jefferies said. Nonetheless, Jefferies estimates a 19% accretion to BBVA's earnings per share in case of an all-share deal.

News of the potential tie-up comes in the wake of a merger agreement earlier this year between two other Spanish lenders, CaixaBank SA and Bankia SA.

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

(END) Dow Jones Newswires

11-17-20 0427ET

Stocks mentioned in the article
ChangeLast1st jan.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. -2.76% 3.835 Delayed Quote.-2.26%
BANCO DE SABADELL, S.A. -1.82% 0.3618 Delayed Quote.4.10%
BANKIA, S.A. -4.06% 1.322 Delayed Quote.-4.90%
CAIXABANK, S.A. -3.21% 1.9475 Delayed Quote.-4.24%
PNC FINANCIAL SERVICES GROUP, INC. -2.21% 144.79 Delayed Quote.-0.63%
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More news
Financials
Sales 2020 23 145 M 28 024 M 28 024 M
Net income 2020 811 M 981 M 981 M
Net Debt 2020 - - -
P/E ratio 2020 31,6x
Yield 2020 1,48%
Capitalization 25 456 M 30 793 M 30 822 M
Capi. / Sales 2020 1,10x
Capi. / Sales 2021 1,19x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 4,24 €
Last Close Price 3,94 €
Spread / Highest target 39,5%
Spread / Average Target 7,53%
Spread / Lowest Target -49,9%
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