Historically it has been a very, very well run bank. However, he would put it in the same category as the UK banks. Not the place to be right now. 5.6% yield may not be safe.
Banco Bilbao Vizcaya is a American stock, trading under the symbol BBVA-N on the New York Stock Exchange (BBVA). It is usually referred to as NYSE:BBVA or BBVA-N
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In the last year, there was no coverage of Banco Bilbao Vizcaya published on Stockchase.
On 2024-11-22, Banco Bilbao Vizcaya (BBVA-N) stock closed at a price of $9.58.
Doesn’t own any Spanish banks and doesn’t know why anyone would. The Spanish market has a tremendous amount of overcapacity. Spanish lenders say that the origination spreads on new loan production just keeps on compressing, which tells him there is absolutely no point in being involved.