Stock Comparison - Investors considering stocks in the Banks - Foreign sector may evaluate Banco Bilbao (BBVA) and Nordea Bank AB (NRDBY) for value opportunities [1] - BBVA holds a Zacks Rank of 1 (Strong Buy), indicating a stronger earnings outlook improvement compared to NRDBY, which has a Zacks Rank of 2 (Buy) [1] Valuation Metrics - BBVA has a forward P/E ratio of 7.24, lower than NRDBY's 8.21, suggesting better value [2] - BBVA's PEG ratio of 0.61 is more favorable than NRDBY's 0.79, reflecting better earnings growth potential relative to its price [2] - BBVA's P/B ratio of 1.12 is lower than NRDBY's 1.29, indicating a more attractive valuation based on book value [3] Style Scores and Value Grades - BBVA receives a Value grade of B, outperforming NRDBY's Value grade of D, based on key valuation metrics [3] - BBVA stands out in both Zacks Rank and Style Scores models, making it a more compelling option for value investors [3]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 5:LeMaitre Vascular, Inc. (LMAT) : This vascular medical device company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.LeMaitre Vascular's shares gained 25.2% over the last three months compared with the S&P 500’s advance of 10.6%. The company possesses a Momentum Score of A.SPX Technologies, Inc. (SPXC) : This comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ OR [ ] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March, 2024 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrant's name into English) Calle Azul 4, 28050 Madrid Spain (Address of principal executive offices) Indicate by check ...

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Banco Bilbao (BBVA) and United Overseas Bank Ltd. (UOVEY) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy ...

Financial Data and Key Metrics - Net attributable profit reached a record high of EUR8.019 billion in 2023, a 22% increase compared to 2022 [5] - Earnings per share increased by 27% year-over-year, driven by share buyback programs [5] - Return on tangible equity (ROTE) stood at 17%, with tangible book value per share plus dividends growing by 20.2% [5] - CET1 ratio remained comfortably above the target at 12.67% [20] - Total shareholder distribution for 2023 amounted to EUR4 billion, equivalent to EUR0.68 per share [22] Business Line Performance - Loan portfolio grew by 7.6% in 2023, with 11 million new customers acquired [3] - Digital sales accounted for 79% of total unit sales, a record high [4] - Mobile customers surpassed 52 million, with a 74% penetration rate [8] - Sustainable business volumes reached EUR70 billion in 2023, with a total of EUR206 billion since 2018 [10] - Spain's loan origination grew by 10% year-on-year, with NII accelerating by 48.9% [24] - Mexico's loan portfolio grew by 11% year-on-year, with core revenues increasing by 20% [27][28] Market Performance - Market share gains were achieved in all countries, particularly in consumer credit cards and private businesses [9] - Spain's customer spread improved to 3.42%, while Mexico's customer spread stood at 11.67% [16] - Core revenue growth in Spain and Mexico was 32% and 12% year-over-year, respectively [17] - Turkey's net profit reached EUR528 million in 2023, despite a challenging environment [33] - South America's net profit exceeded EUR600 million, driven by NII growth and higher fees [35] Strategic Direction and Industry Competition - The company continues to focus on digital transformation, with 65% of new customers acquired through digital channels [7] - Sustainability remains a key focus, with the company maintaining its top-ranked position in the Dow Jones Sustainability Index for the fourth consecutive year [10] - The company is targeting Net Zero by 2050, with a 19% reduction in emissions in the top six sectors since 2022 [11] - In Mexico, the company expects double-digit loan growth in 2024, supported by nearshoring and a strong labor market [27][31] Management Commentary on Operating Environment and Future Outlook - Management highlighted the importance of delivering profitable growth and creating value for stakeholders [37] - For 2024, the company expects net attributable profit to continue growing, with ROTE in the high-teens and efficiency ratio below 42% [38] - In Spain, NII is expected to grow at mid-single-digit rates, with cost of risk projected at 40 basis points [26] - In Mexico, NII is expected to grow at high single-digit rates, with cost of risk increasing to 325 basis points [31] - Turkey is expected to contribute similarly to 2023, with cost of risk increasing to 110 basis points [34] Other Important Information - The company announced a new share buyback program of EUR781 million, equivalent to 1.6% of BBVA's market cap [23] - Since 2021, total shareholder distribution has reached EUR13.2 billion, including EUR5 billion from 2023 results [23] - The company is on track to meet its long-term targets, with all metrics exceeding original goals [23] Q&A Session Summary Question: NII Sensitivity and Loan Growth Outlook in Spain - NII sensitivity to a 100 basis points change in rates is now plus/minus 5%, down from 20% a year ago [42] - Loan growth in Spain is expected to be flattish, with growth in consumer portfolios and medium-sized enterprises [44] - Deposit costs are expected to increase, with a beta of 25% to 30% in 2024 [47] Question: NII Trends and Fees in Mexico - NII sensitivity in Mexico has been reduced to 2.3% from 3.7% a year ago [50] - Fees in Mexico are driven by payment services, with 59% of fee income coming from this segment [52] Question: Excess Capital and Cost of Risk in Mexico - The company is committed to returning excess capital to shareholders, with a CET1 target of 12% [55] - Cost of risk in Mexico is expected to increase to 325 basis points, driven by growth in retail portfolios [57] Question: Inorganic Growth Opportunities and Competition in Mexico - The company remains focused on organic growth, with no significant inorganic opportunities currently [64] - Competition from neo-banks in Mexico is declining, with BBVA maintaining its market share [65] Question: Regulatory Capital Headwinds - Basel IV is expected to have a limited impact on BBVA, with a fully loaded CET1 impact of less than 40 basis points [68] Question: Core Revenue Growth and Cost Management - Core revenue growth in Spain and Mexico is expected to remain healthy, with NII growing at mid-single-digit and high single-digit rates, respectively [72] - Expense growth in Spain and Mexico is expected to slow down, with efficiency ratios improving [76] Question: NII Sensitivity and Payout Policy - The company expects to maintain a 50% payout policy, split between 40% in cash dividends and 10% in share buybacks [111] Question: Argentina's Profit Outlook and Turkey's Normalization - Argentina's profit is expected to be 20% to 30% lower in 2024, driven by currency devaluation and inflation [115] - Turkey is expected to normalize in two to three years, with inflation projected at 45% in 2024 [118] Question: Structural Hedging and Capital Generation - The ALCO portfolio in Spain is expected to remain stable, with a duration of 3.4% including hedges [95] - Organic capital generation is expected to be around 60 basis points per year, excluding regulatory impacts and model updates [127] Question: Unrealized Losses and Asset Quality - Unrealized losses in the hold-to-maturity portfolio are around EUR400 million, mainly in Turkey [130] - Stage 2 increases in Q4 were driven by mortgage portfolio restructuring in Spain [130] Question: Long-Term Loan Growth Potential in Mexico - Loan growth in Mexico is expected to remain strong, supported by low banking debt to GDP and nearshoring trends [139]

2023 Results 2023 Results 2 Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire securities issued by any of the aforementioned companies, or to contract any financial product. Any decision to purchase or invest in securities or contract any financial product must be made solely and exclusively on the ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 29:Independent Bank Corporation (IBCP) : This bank holding company for Independent Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.Independent Bank Corporation has a price-to-earnings ratio (P/E) of 9.35, compared with 10.60 for the industry. The company possesses a Value Score of B.Banco Bilbao Vizcaya ...

Investors with an interest in Banks - Foreign stocks have likely encountered both Banco Bilbao (BBVA) and United Overseas Bank Ltd. (UOVEY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores h ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...