Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) has no aims to sell its 15% stake in China’s seventh-biggest financial company and is pushing ahead with aims to increase in emerging markets, as it need its abroad operations to keep it over the turmoil in Spain.
Whereas numerous Spanish banks have found themselves struggling amid a prolonged economic downturn at home, prompting Moody’s Investors Service to cut its long-term ratings on 28 Spanish banks, comprising BBVA, previous month, BBVA’s large and profitable operations abroad have left it less vulnerable to domestic pressures than some of its peers. For example, in the primary quarter current year, almost half of BBVA’s profit came from Latin America.
Spain’s second-biggest bank by market value after Banco Santander SA has also ramped up its presence in Asia in recent years by opening branches in Seoul and Taipei and boosting its holdings in China Citic Bank Corp to 15% now from 5% in 2006.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Banco Santander, S.A. (ADR) (NYSE:SAN) increased +0.30% to settle at $6.66, Lloyds Banking Group PLC (ADR) (NYSE:LYG) moved up +1.03% to end at $1.96 while Banco Bradesco SA (ADR) (NYSE:BBD) jumped +1.98% to finish on Tuesday at $15.43.
Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) on July 03, 2012 increased +0.42% to the closing price of $7.13. The overall volume in the last trading session was 2.56 million shares. Its fifty two week range was $5.57-$11.76. The total market capitalization remained $34.96 billion.
BBVA is ahead its 52 week low with +28.01% and lagging behind from its 52 week high price with -35.90%. BBVA last month stock price volatility remained 3.21%. In its share capital BBVA has 5.14 billion outstanding shares among them 4.89 billion shares have been floated in market exchange. BBVA stock institutional ownership remained 0.99%.
The stock price of BBVA is moving forward from its 20 days moving average with +8.68% and remote positively from 50 days moving average with +10.61%. BBVA current year earnings per share experienced a downfall of -44.11% while its current quarter performance remained -3.39%. Company’s beta coefficient included 1.81. Beta factors measures the amount of market risk associated with market trade.
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