BBVA Shares Slide After Guidance Prompts Profit Taking -- Market Talk

Dow Jones02-05

1251 GMT - Banco Bilbao Vizcaya Argentaria shares fall after the Spanish bank reported fourth-quarter results, with Morgan Stanley's Alvaro Serrano saying a conservative outlook could drive profit taking among investors. The Spanish bank said it is targeting a return on tangible equity of around 20%, while Morgan Stanley forecast 20.6%. Moreover, BBVA expects this year's net interest income to grow by a low-to-mid single-digit percentage in its home country and by a high-single-digit percentage in Mexico. This looks like a conservative outlook and is somewhat lower than Morgan Stanley's estimates, the analyst says. Shares trade 6.7% lower at 20.44 euros, but are still up 85% over the past year. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

February 05, 2026 07:51 ET (12:51 GMT)

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