|Bid||2.4020 x 0|
|Ask||2.4080 x 0|
|Day's Range||2.3900 - 2.4140|
|52 Week Range||1.5350 - 2.5180|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||8.37|
|Forward Dividend & Yield||0.16 (6.50%)|
|1y Target Est||N/A|
BBVA's inquiry into allegations of spying involving Spain's second biggest bank could take several months to conclude, its executive chairman said on Friday as he sought to soothe concerns among retail investors. Carlos Torres told shareholders in Bilbao that BBVA will cooperate with judicial authorities on the case and thanked his predecessor Francisco Gonzalez for stepping down as honorary chairman while awaiting the results of an internal investigation being carried out by auditors PwC.
The ECB has expressed concerns over reports that Spanish bank BBVA (BBVA.MC) hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters. Another source briefed about the case confirmed that top European Central Bank officials were concerned and monitoring the situation, and wanted BBVA to be fully transparent and take any necessary measures. Last week, online media Elconfidencial.com and Moncloa.com, said that BBVA had hired ex-police chief Jose Manuel Villarejo's firm, Grupo Cenyt, in 2004 to investigate a senior government official and officials of construction company Sacyr (SCYR.MC) as part of efforts to stop a takeover bid.