Strength Seen in BBVA Banco Franc (BFR): Stock Gains 13.6%

Zacks

BBVA Banco Franc (BFR) was a big mover last session, as the company saw its shares increase nearly 14% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session. This continues the recent uptrend for this foreign bank, as the stock has surged by more than 48% in the past one-month time frame.

The company’s earnings consensus has moved higher over the last two months, suggesting that more solid trading could be ahead for BFR. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

BBVA Banco currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some better performing foreign banks include Credit Suisse Group AG (CS), Deutsche Bank AG (DB) and Banco Macro S.A. (BMA). While Credit Suisse and Deutsche Bank carry a Zacks Rank #1 (Strong Buy), Banco Macro carries a Zacks Rank #2 (Buy).

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