Core Insights - Gross income increased by 4.4% driven by growth in net interest income, along with higher commissions and fees [1] Summary by Categories - **Financial Performance** - Gross income rose by 4.4% [1] - Growth attributed to an increase in net interest income [1] - Higher commissions and fees contributed to the overall income growth [1]

Core Insights - Volkswagen reported an operating loss of 1.3 billion euros ($1.52 billion) in the third quarter, primarily due to significant costs associated with U.S. tariffs and a strategic reversal in its electric vehicle plans [1] Financial Performance - The operating loss of 1.3 billion euros indicates a substantial financial impact on Volkswagen, reflecting challenges in managing costs and adapting to market conditions [1] Strategic Challenges - The company faced billions of euros in costs related to U.S. tariffs, which have affected its profitability [1] - A costly strategy reversal regarding electric vehicles has also contributed to the financial losses, highlighting the difficulties in transitioning to new technologies and market demands [1]

Core Insights - BBVA reported a 3.7% decline in net profit for the third quarter compared to the same period in 2024, primarily due to currency depreciation in South America and Mexico offsetting higher lending income [1] Financial Performance - The net profit for BBVA in the third quarter decreased by 3.7% year-over-year [1] - Higher lending income was noted, but it was not sufficient to counterbalance the negative impact of currency depreciation [1]

If you enjoyed this, consider Ian's Insider Corner to enjoy access to similar initiation reports for all the new stocks that we buy. Membership also includes an active chat room, weekly updates, and my responses to your questions.Argentine stocks started off the week with great fanfare. The Global X MSCI Argentina ETF ( ARGT ) rallied close to 20% on Monday. Meanwhile, the most economically sensitive stocks jumped even more. The Argentine banks traded around 40% higher on the day.Ian leads the investing gro ...

Equity Research Analyst at DM Martins Research.The best opportunities often don’t scream for attention. I cover stocks that are often undercovered, focusing primarily on Brazil and Latin America — but I also occasionally write about global large caps. My work can also be found on TipRanks, where I contribute regularly, and on TheStreet, where I was a frequent contributor in the past.- Disclaimer: All views expressed here are my own and do not necessarily reflect the views or official positions of DM Martins ...

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the best affordable stocks to buy under $20. On October 21, Morgan Stanley resumed coverage of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) with an Equal Weight rating and a price target of €19. The firm told investors that it sees limited upside to the consensus earnings estimates. However, Barclays analyst Cecilia Romero reiterated a Buy rating on the stock on October 19, assigning it a €18 price target. Bloomberg reported on October 20 t ...

Core Insights - BBVA's hostile takeover bid for Banco Sabadell has concluded after 18 months without success [1] - The bid was accepted by shareholders representing 25.47% of voting rights, falling short of the required 30% [2] - BBVA's bid valued Banco Sabadell at $19 billion [3] Company Developments - Banco Sabadell's CEO stated the bank has undergone a "major transformation" and aims for a profitability increase to 16% by 2027, alongside returning €6.45 billion to shareholders [3] - BBVA plans to resume shareholder remuneration through a share buyback program and the highest dividend ever [4] - BBVA expects to generate approximately €48 billion in cumulative attributable profit from 2025 to 2028 and allocate €36 billion for shareholder distributions [5] Industry Context - The attempted takeover was viewed as a test case for consolidation in the European banking sector [5] - The bid received clearance from the CNMV and the European Central Bank but faced opposition from politicians, business groups, and unions [5] - BBVA's earlier attempt to merge with Banco Sabadell in 2020 failed due to price disagreements [6]

We recently published Market Downturn? Not for these 10 Stocks; 7 Jump to Record Highs. Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) is one of the best performers on Thursday. Banco Bilbao rallied to a fresh 52-week high on Thursday, as investors cheered its failed $19 billion takeover of Banco Sabadell, having lacked the support of the latter’s shareholders. In intra-day trading, the stock soared to a fresh high of $20 before trimming gains to end the day just up by 6.68 percent at $19.48 apiece. The ...

Group 1: Market Overview - Regional bank stocks are under pressure due to increasing credit concerns, leading to a broader market decline with S&P futures down 0.6% and MSCI Asia Pacific down 0.9% [1][2][3] - Speculation exists that the regional banking issues could prompt the Federal Reserve to cut interest rates sooner than expected, which may provide some cushion to equities [4][8] - The banking sector is experiencing a wider slide, with significant concerns about lending practices and exposure to distressed commercial real estate, particularly in California [5][40] Group 2: Company-Specific Developments - BBVA's takeover bid for Sabadell has failed, with only 25.47% shareholder acceptance, significantly below the required threshold [16][17] - The failure of the bid allows BBVA to focus on its standalone growth strategy, which includes a strategic plan aiming for a 15% annual increase in tangible value and a net profit growth rate of 30% [24][26] - BBVA plans to initiate a €1 billion share buyback and pay an interim dividend, amounting to €2.8 billion in total shareholder returns [27][28] Group 3: Sector Impacts - Defense stocks are expected to decline sharply following news of a meeting between Donald Trump and Vladimir Putin, which may signal reduced military spending [9][11] - The broader banking sector is facing scrutiny, with major banks like JPMorgan warning of potential credit issues, reflecting concerns about the overall health of the U.S. economy [6][79] - The market is reacting to the potential for increased volatility in the tech sector, with companies like NVIDIA and Oracle showing resilience despite the broader market downturn [8][78]

ctor BVI has filed in its 17 billion euro takeover bid for the rival lender Seidel. The offer was accepted by just over a quarter of shareholders representing Seidel shares short of the 50% needed to take control and the 30% threshold for a possible second bid. BVI says it will now resume dividend and share buyback plans in the coming months.Charlotte has been following all the twists and turns when it came to this potential consolidation story. Charlotte, it seems it's the end of this saga. What next for B ...