Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
After hours:
| Previous Close | 10.90 |
| Open | 10.85 |
| Bid | 10.53 x 2900 |
| Ask | 11.19 x 800 |
| Day's Range | 10.84 - 10.97 |
| 52 Week Range | 7.41 - 12.20 |
| Volume | |
| Avg. Volume | 1,501,182 |
| Market Cap | 63.223B |
| Beta (5Y Monthly) | 1.49 |
| PE Ratio (TTM) | 7.46 |
| EPS (TTM) | 1.47 |
| Earnings Date | Jul 31, 2024 |
| Forward Dividend & Yield | 0.76 (6.96%) |
| Ex-Dividend Date | Apr 08, 2024 |
| 1y Target Est | 9.65 |
ReutersSabadell CEO plays down 'white knight' prospect to stop BBVA bid
Banco Sabadell is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA because other banks would also face competition concerns, Sabadell's CEO Cesar Gonzalez-Bueno said. Sabadell is trying to fend off BBVA's hostile approach, and one tactic target companies can use to defend themselves is to find an alternative buyer, a so-called 'white knight', to make an offer on friendlier terms. Gonzalez-Bueno told journalists that he does not foresee other Spanish banks like Caixabank or Banco Santander making a bid, as they would be likely to face similar antitrust issues as BBVA.
BloombergBBVA Investors Approve Sabadell Bid in Boost for Chairman
(Bloomberg) -- BBVA SA’s investors voted to support the lender’s bid for rival Banco Sabadell SA, allowing Chairman Carlos Torres to clear one hurdle in his attempt to create a domestic banking giant.Most Read from BloombergBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitStocks Up as Path to September Fed Cut Gets Wider: Markets WrapSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretSingapore Is Makin
ReutersBBVA secures capital increase support to fund Sabadell bid
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.
