Bulletin
Investor Alert

Dow Jones Newswires Archives | Email alerts

Oct. 31, 2019, 2:41 a.m. EDT

BBVA profit fals, but beats expectations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Banco Bilbao Vizcaya Argentaria S.A. ADR (BBVA)
  • X
    Banco Bilbao Vizcaya Argentaria S.A. (BBVA)

or Cancel Already have a watchlist? Log In

By Pietro Lombardi


Bloomberg

Banco Bilbao Vizcaya Argentaria SA’s third-quarter net profit fell from a year earlier, when results included a capital gain on a stake sale, while revenue rose.

Net profit for the period was 1.23 billion euros ($1.37 billion) compared with EUR1.79 billion a year earlier, when the results where boosted by the sale of its Chilean franchise, the Spanish bank /zigman2/quotes/204078760/lastsale BBVA -7.46%   /zigman2/quotes/209653399/delayed ES:BBVA -5.34%  said Thursday.

Excluding capital gains, net profit rose 6.1%, it said.

Gross income, the bank’s top line, rose to EUR6.14 billion from EUR5.73 billion.

The results compare with analysts’ expectations of a profit of EUR1.15 billion on gross income of EUR5.99 billion, according to a consensus forecast provided by the bank.

BBVA’s core Tier 1 ratio, a key measure of capital strength, was 11.6% in September from 11.5% it reported in June.

/zigman2/quotes/204078760/lastsale
US : U.S.: NYSE
$ 3.35
-0.27 -7.46%
Volume: 4.76M
March 27, 2020 6:30p
P/E Ratio
4.23
Dividend Yield
6.84%
Market Cap
$24.09 billion
Rev. per Employee
$213,392
loading...
/zigman2/quotes/209653399/delayed
ES : Spain: Madrid
3.10
-0.18 -5.34%
Volume: 46.22M
March 27, 2020 5:38p
P/E Ratio
5.88
Dividend Yield
6.78%
Market Cap
€21.83 billion
Rev. per Employee
€180,879
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.