|Bid||0.00 x 3000|
|Ask||0.00 x 4000|
|Day's Range||5.36 - 5.49|
|52 Week Range||4.53 - 7.26|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||7.45|
|Forward Dividend & Yield||0.09 (1.72%)|
|Ex-Dividend Date||Oct 08, 2021|
|1y Target Est||N/A|
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(Bloomberg) -- Banco Bilbao Vizcaya Argentaria SA bondholders are so far buying the bank’s argument that they’ve nothing to fear from it doubling down on its bet on Turkey, while a crumbling currency wreaks havoc on the country’s economy.Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAsia’s Richest Man Looks to Walton Family Playbook on SuccessionThe 24-Year-Old Aiming to Dethrone Victoria’s SecretThe Winners and Losers From a Year of Ranking Covid
Spain's BBVA on Wednesday reiterated its long-term commitment towards Turkey and said lira depreciation had been taken into account while structuring its recent purchase offer for a stake in Garanti Bank. BBVA, which already owns part of Turkish lender Garanti, recently offered to buy the remaining stake in the lender in a deal worth up to 2.25 billion euros, taking advantage of a slide in the Turkish currency. The deal had been structured in lira, which has slid 23% against the euro since Nov. 15 when BBVA announced the deal.
MADRID (Reuters) -Spain's BBVA raised key profitability and cost targets on Thursday and said it would add 10 million customers by 2024, banking on growth in places such as Mexico and Turkey, yet its shares fell on concerns about its emerging market exposure. BBVA, like Santander, is struggling to earn money from more mature markets in Europe and has been expanding in emerging markets, where it sees greater growth. Chairman Carlos Torres said at BBVA's first investor day in 14 years that the bank's strategy was predicated on a more benign global economic outlook and with the "worst of the pandemic behind us, growth is back".