Banco Bilbao Vizcaya Argentaria, S.A. (BBVXF)
- Reuters
Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
MADRID (Reuters) -Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. The country's fourth-largest lender by market value said its board believed BBVA's proposal significantly undervalues the potential of Banco Sabadell and its growth prospects, calling the offer unsolicited. Last week, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices.
- Zacks
What Makes Banco Bilbao (BBVA) a New Buy Stock
Banco Bilbao (BBVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- Zacks
Is First Horizon (FHN) Outperforming Other Finance Stocks This Year?
Here is how First Horizon National (FHN) and Banco Bilbao (BBVA) have performed compared to their sector so far this year.
