Banco Bilbao Vizcaya Argentaria

Group profit at BBVA climbed by almost a fifth to just over €3 billion in the third quarter thanks to stronger operations in Mexico. In Spain, profit fell by more than 5% to €934 million, and net interest income there rose by only about 2%. Analysts were also disappointed by the development of core capital (CET1), prompting the stock to fall sharply intraday. Across the group, BBVA mainly benefited from Mexico, where profit and net interest income increased significantly. » Mere på finanzen.net

BBVA posted an operating profit of just under €3.1 billion in the second quarter, an 11% rise year on year, beating analyst expectations. Revenues rose by more than one-fifth to €10.5 billion. The bank plans a share buyback of up to €2 billion and lifted return on tangible equity to around 21%. The stock hit a record high; Gonzalo Rodríguez was also appointed as the new chief financial officer. » Mere på finanzen.net

BBVA's net income in the second quarter rose 11% year on year to just under €3.1 billion, beating analysts' expectations. The bank will deploy up to €2 billion for the repurchase of its own shares starting in early August. » Mere på finanzen.net

BBVA has appointed Gonzalo Rodriguez as its new chief financial officer. Rodriguez currently heads the retail banking business in Spain and replaces Luisa Gomez Bravo, who is stepping down as part of a broad restructuring of the leadership team. The appointment is part of a wider management reorganization. » Mere på finanzen.net

According to data from the Spanish securities regulator, BBVA has reduced its stake in Telefonica from around 5% to 1.965%. The bank gave no details on the timing or value of the sales; the shares had been accounted for as available for sale since 1997. Based on Tuesday’s closing prices, the remaining stake is worth about €391 million. » Mere på de.investing.com