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Banco Bilbao ( (BBVA) ) just unveiled an update.
BBVA announced that its takeover bid for Banco Sabadell will not proceed as the minimum acceptance level was not met. In response, BBVA will accelerate its shareholder remuneration plan, including a share buyback of around €1 billion starting October 31, and the highest interim dividend ever of €0.32 per share on November 7, totaling €1.8 billion. The bank’s Strategic Plan aims to maintain its position at the forefront of European banking, with ambitious financial goals for 2025-2028, including a ROTE of around 22% and a cumulative attributable profit of approximately €48 billion over four years.
The most recent analyst rating on (BBVA) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on Banco Bilbao stock, see the BBVA Stock Forecast page.
Spark’s Take on BBVA Stock
According to Spark, TipRanks’ AI Analyst, BBVA is a Outperform.
BBVA’s overall stock score reflects strong financial performance, particularly in profitability and strategic execution, as highlighted in the earnings call. The stock’s attractive valuation further supports its appeal. However, technical indicators suggest caution due to overbought conditions, and liquidity concerns from negative cash flows need addressing.
To see Spark’s full report on BBVA stock, click here.
More about Banco Bilbao
BBVA is a global financial services group founded in 1857, with a presence in over 25 countries. It holds a strong leadership position in the Spanish market, is the largest financial institution in Mexico, and has significant operations in South America, Turkey, and the United States. The bank supports stakeholders including shareholders, clients, and employees, leveraging technology and data to enhance financial decision-making.
Average Trading Volume: 1,381,287
Technical Sentiment Signal: Buy
Current Market Cap: $105.9B
See more data about BBVA stock on TipRanks’ Stock Analysis page.