4 articles · Updated · The Wall Street Journal · Apr 30
The Spanish lender reported €2.99 billion in Q1 profit, beating a €2.80 billion consensus, while gross income rose 14% to €10.65 billion.
BBVA said double-digit growth in net interest income and higher fees from asset management, payments and insurance helped drive results above forecasts.
Loan growth in Spain and Mexico, which generate about two-thirds of revenue, supported performance, alongside improved results in Turkey and South America and continued expansion in corporate and investment banking.
What is driving the explosive, record-breaking growth in BBVA's Corporate & Investment Banking division?
With profits tied to high interest rates, how sustainable is BBVA's record performance as central banks consider rate cuts?
Can BBVA's impressive 38% efficiency ratio become the new performance benchmark for other major European banks?
As BBVA's market value soars, what direct benefits will its everyday retail customers actually experience?
Is BBVA's heavy reliance on Mexico and Turkey a brilliant strategy or a high-stakes gamble on volatile economies?
BBVA touts a €700 billion green finance goal. How does this reconcile with its financing of fossil fuel industries?