BBVA(BBAR)
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BBVA(BBAR) - 2024 Q2 - Quarterly Report
2024-10-18 18:58
BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2024 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the six-month period ended June 30, 2024, comparatively presented. Consolidated Condensed Statement of Financial Position Consolidated Condensed Statement of Income Consolidated Condensed Statement of Other Comprehensive Income Consolidated Condensed Statement of Changes in Shareholders' Equity Consolidated Conden ...
What Makes Banco BBVA (BBAR) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-09-24 17:02
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established directions for profitable trades [1] Company Overview: Banco BBVA (BBAR) - Banco BBVA currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [1] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [2] Performance Metrics - Over the past week, BBAR shares increased by 4.5%, outperforming the Zacks Banks - Foreign industry, which rose by 1.99% [3] - In the last month, BBAR's price change was 24.14%, significantly higher than the industry's 0.9% [3] - Over the past quarter, BBAR shares have surged by 33.76%, and over the last year, they have gained 153.73%, while the S&P 500 only increased by 5.04% and 33.96%, respectively [4] Trading Volume - BBAR's average 20-day trading volume is 851,078 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, one earnings estimate for BBAR has been revised upward, raising the consensus estimate from $1.48 to $1.88 [5] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [5] Conclusion - Given the strong performance metrics and positive earnings outlook, BBAR is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [6]
Are Finance Stocks Lagging BBVA Banco Frances (BBAR) This Year?
ZACKS· 2024-09-23 14:47
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Banco BBVA (BBAR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Banco BBVA is a member of our Finance group, which includes 859 different companies and ...
BBVA(BBAR) - 2024 Q1 - Quarterly Report
2024-09-10 19:14
BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2024 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the three-month period ended March 31, 2024, comparatively presented. Consolidated Condensed Statement of Financial Position Consolidated Condensed Statement of Income Consolidated Condensed Statement of Other Comprehensive Income Consolidated Condensed Statement of Changes in Shareholders' Equity Consolidated ...
Here's Why Banco BBVA (BBAR) is a Great Momentum Stock to Buy
ZACKS· 2024-09-05 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
BBVA(BBAR) - 2024 Q2 - Earnings Call Transcript
2024-08-22 17:03
Banco BBVA Argentina S.A. (NYSE:BBAR) Q2 2024 Earnings Conference Call August 22, 2024 11:00 AM ET Company Participants Belen Fourcade - Investor Relations Carmen Morillo Arroyo - CFO Ines Lanusse - IRO Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's Second Quarter 2024 Results Conference Call. We would like to inform you that, this event is being recorded, and all participants will in listen-only mode during the co ...
BBAR Stock Earnings: Banco BBVA Argentina Reported Results for Q2 2024
Investor Place· 2024-08-22 00:52
Banco BBVA Argentina (NYSE:BBAR) just reported results for the second quarter of 2024.Banco BBVA Argentina reported earnings per share of 61 cents.The company reported revenue of $766.78 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human inter ...
BBVA(BBAR) - 2024 Q1 - Earnings Call Transcript
2024-05-23 17:43
Banco BBVA Argentina S.A. (NYSE:BBAR) Q1 2024 Results Conference Call May 23, 2024 11:00 AM ET Company Participants Belén Fourcade - Investor Relations Ines Lanusse - IRO Carmen Morillo Arroyo - Chief Financial Officer Conference Call Participants Carlos Gomez - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's First Quarter 2024 Results Conference Call. We would like to inform you that this event is being recorde ...
BBVA(BBAR) - 2023 Q3 - Quarterly Report
2024-04-17 22:24
Financial Performance - The company reported income for the period of ARS 75,235,793, compared to ARS 119,482,648 for the same period last year, a decrease of approximately 37.06%[7]. - Net income for the period attributable to owners of the Parent was $9.63 million, a decrease of 58.9% compared to $23.44 million in the same quarter of 2022[10]. - Total comprehensive income for the period was ARS 84,261,833, reflecting the company's financial performance[21]. - Total interest income for the quarter ended September 30, 2023, was $586,890,837, compared to $343,874,685 for the same quarter in 2022, reflecting an increase of about 70.8%[143]. - Total interest expense for the quarter ended September 30, 2023, was $316,655,645, compared to $161,383,626 for the same quarter in 2022, indicating an increase of approximately 96.1%[144]. Assets and Liabilities - Total assets as of September 30, 2023, decreased to ARS 3,881,987,062 from ARS 3,979,377,248 as of December 31, 2022, representing a decline of approximately 2.45%[5]. - Total liabilities decreased to ARS 3,117,384,918 from ARS 3,236,083,852, a reduction of about 3.67%[7]. - Deposits as of September 30, 2023, were ARS 2,593,866,878, down from ARS 2,669,025,951, indicating a decrease of approximately 2.83%[7]. - Loans and other financing decreased to ARS 1,352,640,858 from ARS 1,456,781,628, reflecting a decline of about 7.13%[5]. - The total liabilities linked to foreign currency forwards pending settlement increased to 2,324,683 as of September 30, 2023, from 679,212 as of December 31, 2022, marking an increase of 242.5%[63]. Equity and Reserves - Equity attributable to owners of the Parent increased to ARS 753,004,964 from ARS 732,316,619, an increase of about 2.69%[7]. - The company’s reserves increased to ARS 424,136,270 from ARS 355,435,999, reflecting an increase of about 19.31%[7]. - Total equity attributable to owners of the Parent decreased to $71.49 million from $77.24 million year-over-year[15]. Cash Flows - Total cash flows generated by operating activities amounted to ARS 242,283,796, a significant increase compared to ARS 17,188,003 in the previous year[23]. - As of September 30, 2023, total cash flows used in investing activities amounted to ARS (11,572,312) thousand, an increase of 31.5% compared to ARS (8,817,999) thousand in the same period of 2022[26]. - Total cash flows used in financing activities were ARS (20,587,376) thousand, representing a 30.5% increase from ARS (15,706,387) thousand year-over-year[26]. - Cash and cash equivalents at the end of the fiscal period stood at ARS 478,339,623 thousand, slightly down from ARS 484,351,175 thousand a year earlier[26]. Taxation - The effective tax rate for the period ended September 30, 2023, was calculated at 35%[92]. - The current income tax expense for the quarter ended September 30, 2023, was 10,631,946, compared to (502,119) for the same quarter in 2022[92]. - Current income tax liabilities as of September 30, 2023, were 21,516,203, an increase of 46.5% compared to 14,724,473 on December 31, 2022[88]. Investments - Investments in equity instruments increased to ARS 2,974,366 from ARS 1,906,252, a rise of approximately 56.06%[7]. - Total investments in equity instruments through other comprehensive income reached 1,146,588 as of September 30, 2023, compared to 122,841 as of December 31, 2022[113]. - Total investment in finance leases as of September 30, 2023, was $23,966,025, with a current value of minimum payments at $11,034,909[69]. Economic Environment - BBVA Argentina operates in a challenging economic environment characterized by high inflation and volatile financial variables, including a country risk indicator that has risen post-debt renegotiation[29]. - The inflation rate for the nine-month period ended September 30, 2023, was 103.15%, compared to 66.07% for the same period in 2022[37]. - The monetary policy rate increased from an annual nominal rate of 75% at the beginning of the year to 133% as of October 12, reflecting a significant tightening of monetary policy[29]. Management and Governance - The bank's management is actively monitoring international and local market conditions to assess potential impacts on its financial position and equity[31]. - The bank's parent company, BBVA, holds 66.55% of the share capital as of September 30, 2023, indicating strong control and support from the parent entity[28]. Financial Instruments - The fair value of financial assets pledged as collateral was $59,920,479 as of December 31, 2022[183]. - The total fair value of derivative instruments was $2,324,683, with all classified under Level 2[159]. - The fair value of financial assets and liabilities maturing in less than three months is considered similar to their accounting balance, indicating a conservative valuation approach[179].
BBVA(BBAR) - 2023 Q4 - Annual Report
2024-09-09 15:11
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April 2024 Commission File Number: 001-12568 BBVA Argentina Bank S.A. (Translation of registrant's name into English) 111 Córdoba Av, C1054AAA Buenos Aires, Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: For ...