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Spain's state fund considers taking Telefonica stake after STC move

Spain's state fund SEPI said on Tuesday it is considering whether to buy a stake in Telefonica, a month after Saudi Arabia's STC built a 9.9% holding in the telecoms group....

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BBVA 2Q Net Profit Expected to Rise -- Earnings Preview

By Adria Calatayud Banco Bilbao Vizcaya Argentaria is scheduled to report results for the second quarter on Friday. Here is what you need to know: NET PROFIT...

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Spain's BBVA Q1 Net Profit Beats Forecasts On Mexico Performance

Spanish banking group BBVA reported a 39% rise in first-quarter net profit on Thursday, beating forecasts on the back of a solid performance in Mexico, its main market, and keeping a lid on deposits

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Spain's BBVA tops forecasts, boosted by emerging markets

Spain's BBVA beat
forecasts on Friday with a 36.4% year-on-year rise in first
quarter net profit, driven by a strong performance in emerging
markets, while competitor Caixabank suffered some
pressure... | April 29, 2022

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BBVA Emerges From Tough Year With Plenty of Capital

Provided by
Dow Jones
By Pietro Lombardi
Banco Bilbao Vizcaya Argentaria SA has a lot of capital to spend and will use it to remunerate shareholders through a mix of dividends and buybacks, while fostering growth and cutting costs.
The Spanish bank has emerged from a year marked by the impact of the coronavirus pandemic with roughly 8.5 billion euros ($10.30 billion) in capital to spend. The windfall comes from the $11.6 billion sale of its U.S. business, which it agreed to in November and should be completed around the middle of the year.
Part of the funds will be used to buy back around 10% of its shares, a plan the should be launched once the sale of the U.S. subsidiary is completed. Shareholders will also receive a cash dividend of EUR0.059 a share for 2020, while the bank will return to its policy of paying 35% to 40% of profits in dividends. Shareholders may also receive extraordinary dividends or a bigger buyback.

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UPDATE 4-Spain's BBVA plans $3.2 bln buyback, weighs cost cuts in Spain

* Shares fall after lower than expected lending income
* Q4 net profit 1.32 billion euros, above forecasts
* Reported capital rises by 21 basis points in quarter
* Bank to announce cost-cutting plan in Spain in H1 (Adds new details on potential restructuring plan in Spain)
MADRID, Jan 29 (Reuters) - BBVA plans to buy back around 10% of its shares, worth about 2.6 billion euros ($3.2 billion) following the sale of its U.S. business and is also looking at cutting costs in a new restructuring in its home market Spain.
The country’s second-biggest bank sold its U.S. business for $11.6 billion to PNC in November, and signalled it could use part of the proceeds on a share buyback and dividend payments.

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