BME:BBVABanks
The Bull Case For Banco Bilbao Vizcaya Argentaria (BME:BBVA) Could Change Following Buyback Progress, Downgrade And Asset Sale Plans
Banco Bilbao Vizcaya Argentaria has recently advanced its multi-stage share buyback programme while also facing a downgrade from RBC Capital, which cited valuation concerns despite strong past performance and profitability.
At the same time, short interest in BBVA has risen and the bank is exploring a sale of its Garanti Bank Romania unit amid ongoing support from European institutions for SME and sustainable housing financing.
With these developments and BBVA’s continuing share buyback in...