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BBVA Bilbao Vizcaya Argentaria SA

BBVA Bilbao Vizcaya Argentaria SA (BBVA)

9.54
-0.15
(-1.55%)
Closed 24 November 8:00AM
9.54
0.00
(0.00%)
After Hours: 11:55AM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

BBVA News

Official News Only

BBVA Discussion

View Posts
whytestocks whytestocks 4 years ago
BREAKING NEWS: $BBVA PNC Announces Agreement To Buy BBVA USA Bancshares, Inc.

PNC Announces Agreement To Buy BBVA USA Bancshares, Inc. Acquisition significantly accelerates PNC's national expansion strategy; creates nation's 5th largest bank by asset size PR Newswire PITTSBURGH, Nov. 16, 2020 PITTSBURGH , Nov. 16, 2020 /PRNewswire/...

In case you are interested BBVA - PNC Announces Agreement To Buy BBVA USA Bancshares, Inc.
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whytestocks whytestocks 4 years ago
Breaking News: $BBVA Banco Bilbao Vizcaya Argentaria (BBVA) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) Q3 2020 Earnings Call Oct 30, 2020 , 5:00 a.m. ET Gloria Couceiro Continue reading For further details see: Banco Bilbao Vizcaya Argentaria (BBVA) Q3 2020 Earning...

Find out more BBVA - Banco Bilbao Vizcaya Argentaria (BBVA) Q3 2020 Earnings Call Transcript
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Monroe1 Monroe1 6 years ago
I have noticed these big groups issue buy alerts to prop up the price, and increase buying as they unload?? I am in Oxford too and others.
I will buy a little if it drops into the 5.60's.
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JefftDecker JefftDecker 7 years ago
The Oxford Club issued a BUY/accumulate on BBVA

nice div 5.12%

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Monroe1 Monroe1 7 years ago
Hey there Superman
Scotia Bank just invested 65 Billion in this.
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Hiram Abiff Hiram Abiff 9 years ago
Just got upgraded to Buy Long by MarketEdge.
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56Chevy 56Chevy 11 years ago
Silicon Valley BBVA to invest $100 million in innovative companies

The bank has announced the creation of BBVA Ventures. This company will invest USD 100 million as part of a strategic
initiative aimed at establishing relationships with start-ups and venture capital funds focused on transforming the financial services industry through technology and emerging business models.

http://www.prnewswire.com/news-releases/silicon-valley-bbva-to-invest-100-million-in-innovative-companies-188016541.html

*I have an interest in how banking in general will change from the brick n' morter community bank model... to a "hand-held" worldwide model via I-phones / etc.






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56Chevy 56Chevy 11 years ago
Spain's BBVA Warns of EUR35 Million Cut in June Profit on Mortgage Ruling

Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) said Wednesday that a change in its mortgage structure contracts will have an adverse impact on its June net profit.

In a filing to the Spanish stock market regulator, Spain's second-largest bank by market capitalization said its net profit in June will be reduced by 35 million euros ($46.7 million) after Spain's Supreme Court banned banks from overcharging consumers on variable mortgage rates when the Euribor benchmark interest rate dropped below a floor rate set by the banks.

BBVA said it will cease to include the clause of setting a minimum interest rate in its mortgage contracts, retroactively from May 9, which is the date when the court ruling was released.

The bank added that the impact on coming months will be determined by the performance of the one-year Euribor rate.

http://ih.advfn.com/p.php?pid=nmona&article=57968981

* I do not own shares of BBVA at this time. PPS as of 6/14/2013 was $8.91




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mlkrborn mlkrborn 12 years ago

July 31, 2012, 3:00 a.m. EDT
BBVA net profit drops 58% as provisions soar


By Christopher Bjork

MarketWatch/Tim Rostan
A BBVA bank location in Madrid. The bank reported a sharp profit drop Tuesday as it had to set aside billions of euros to cover property-related losses.
MADRID--Banco Bilbao Vizcaya Argentaria SA (BBVA) Tuesday became the latest in a long list of Spanish banks to report that second-quarter earnings were dented by its need to set aside billions of euros to cover losses from the countryโ€™s deepening real-estate crisis.

The bank BBVA -10.40% ES:BBVA -4.58% , the countryโ€™s second-largest by assets, said net profit was 505 million euros ($620 million), down 58% compared with EUR1.19 billion in the same period a year earlier.

Net interest income, which was boosted by robust lending growth in Mexico and other Latin American countries, rose 16% to EUR3.74 billion, the bank said.

Click to Play
U.S. Profits Pressured by Global Weakness
Slowing economies from the U.S. to China, increasingly wary shoppers, recession in much of Europe and a stronger dollar could bring to an end at least 10 continuous quarters of profit growth for America's biggest companies. Kate Linebaugh reports on Markets Hub. Photo: Bloomberg.

Analysts were expecting profit at EUR643 million and net interest income of EUR3.64 billion, according to a Dow Jones Newswires survey of eight brokers.

Like its larger rival Banco Santander SA (SAN), BBVA benefits from the strength of its big network of branches in Latin American countries like Colombia and Peru to help pay for loan losses in Spain, where they contend with economic turmoil and the continued need to bolster their provisioning buffers.

Since the beginning of the year, the Spanish government twice raised the amount of provisions and capital banks must hold to cover property-related losses, an attempt to remove investor concerns about the hidden losses on bank balance sheets.

BBVA said it had set aside EUR1.43 billion in such provisions, roughly a third of the EUR4.64 billion the bank needs to set aside this year.
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Penny Roger$ Penny Roger$ 12 years ago
$BBVA chart..










PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/BBVA


OTC Markets Company Info ~ http://www.otcmarkets.com/stock/BBVA/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/BBVA/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/BBVA/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/BBVA/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/BBVA/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/BBVA/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/BBVA/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/BBVA/research


Google Finance Summary ~ http://www.google.com/finance?q=BBVA
Google Finance News ~ http://www.google.com/finance/company_news?q=BBVA
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=BBVA
Google Finance Financials ~ http://www.google.com/finance?q=BBVA&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=BBVA
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=BBVA&histperiod=weekly#


Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=BBVA+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=BBVA+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=BBVA+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=BBVA
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=BBVA+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=BBVA+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/BBVA
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/BBVA
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=BBVA+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=BBVA+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=BBVA+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=BBVA+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=BBVA+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=BBVA+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=BBVA+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=BBVA+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=BBVA+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=BBVA+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=BBVA+Cash+Flow&annual


FINVIZ ~ http://finviz.com/quote.ashx?t=BBVA&ty=c&ta=0&p=d


Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=BBVA
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=BBVA
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=BBVA
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=BBVA
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=BBVA
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=BBVA&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260


CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=BBVA&exchange=US


Barchart Quote ~ http://barchart.com/quotes/stocks/BBVA?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/BBVA
Barchart Options Quotes ~ http://barchart.com/options/stocks/BBVA
Barchart Technical Chart ~ http://barchart.com/charts/stocks/BBVA&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/BBVA&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/BBVA
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=BBVA
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/BBVA
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/BBVA
Barchart News Headlines ~ http://barchart.com/news/stocks/BBVA
Barchart Profile ~ http://barchart.com/profile//BBVA
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=BBVA&view=key_statistics


OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BBVA&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BBVA&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BBVA&MarketTicker=NYSE&Typ=S


Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/BBVA/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/BBVA/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/BBVA/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/BBVA/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/BBVA
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/BBVA/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/BBVA/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/BBVA/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/BBVA/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/BBVA/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/BBVA/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=BBVA&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=BBVA


Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=BBVA


StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=BBVA&num1=567&cobrand=&mode=stock


StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=BBVA
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=BBVA


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=BBVA&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=BBVA.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=BBVA®ion=U


Search NASDAQ ~ http://www.nasdaq.com/symbol/BBVA
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/BBVA/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/BBVA/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BBVA/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=BBVA&selected=BBVA
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=BBVA&selected=BBVA
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/BBVA/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/BBVA/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/BBVA/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/BBVA/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/BBVA/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/BBVA/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/BBVA/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/BBVA/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/BBVA/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/BBVA/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/BBVA/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/BBVA/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/BBVA/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/BBVA/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=BBVA&selected=BBVA
NASDAQ Financials ~ http://www.nasdaq.com/symbol/BBVA/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/BBVA/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/BBVA/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/BBVA/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BBVA/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/BBVA/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/BBVA/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/BBVA/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/BBVA.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/BBVA/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/BBVA/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/BBVA/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/BBVA/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/BBVA/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/BBVA/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=BBVA


YCharts ~ http://ycharts.com/companies/BBVA
YCharts Performance ~ http://ycharts.com/companies/BBVA/performance
YCharts Dashboard ~ http://ycharts.com/companies/BBVA/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=BBVA&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=BBVA&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=BBVA&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=BBVA


Zacks Quote ~ http://www.zacks.com/stock/quote/BBVA
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=BBVA
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=BBVA


Knobias ~ http://knobias.10kwizard.com/files.php?sym=BBVA


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=BBVA


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/BBVA/.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=BBVA&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=BBVA®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=BBVA®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=BBVA®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=BBVA®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=BBVA®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=BBVA


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=BBVA


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=BBVA&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=BBVA&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=BBVA
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=BBVA&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=BBVA


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=BBVA


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=BBVA


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=BBVA

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BBVA
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=BBVA

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=BBVA

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=BBVA

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=BBVA

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=BBVA

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=BBVA

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "BBVA" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=BBVA&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=BBVA
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=BBVA
Check those searches for recent BBVA mentions. If BBVA is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS


To ask me about BBVA click here ---> http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2012&SearchStr=BBVA

MACDlinks
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$UPERMAN $UPERMAN 13 years ago
Mexican State Coahuila Refinances MXN34 Billion Debt To 20 Years
Date : 09/30/2011 @ 9:08PM
Source : Dow Jones News
Stock : Banco Bilbao Vizcaya Argentaria S.A. ADS (BBVA)
Quote : 8.13 -0.39 (-4.58%) @ 8:00PM

Mexican State Coahuila Refinances MXN34 Billion Debt To 20 Years

Banco Bilbao Vizcaya Argentaria Sa (NYSE:BBVA)
Today : Friday 30 September 2011
Mexican private-sector banks have reached an agreement to refinance 34 billion pesos ($2.45 billion) in debt owed by the northern state of Coahuila, which revealed in August that its debt obligations had ballooned well-beyond market assumptions.

Grupo Financiero Banorte SAB (GBOOY, GFNORTE.MX), one of Coahuila's creditors, issued a press release late Friday celebrating the deal as a step toward greater austerity and transparency on the part of Coahuila.

Coahuila surprised markets when it admitted in August that it owed MXN34 billion, four times more than the debt level it had previously divulged. About a third of that debt was due for payment in the near term.

The revelation prompted both Standard & Poor's and Fitch Ratings to slash Coahuila's local credit rating to triple-B-minus from single-A-plus.

Also in August, Deputy Finance Minister Gerardo Rodriguez alerted market participants that local governments had MXN50 billion in off-the-books debt that is not guaranteed by tax collections, and that about half of that debt belonged to Coahuila.

The statement issued Friday offered slim details on the new loan terms, apart from saying that Coahuila is expected to pay the credit back in 20 years and that it will also be charged refinancing costs.

The lenders have created a trust through which the payments will be issued, while also linking payments to a share of Coahuila's tax receipts from the federal government.

The refinancing deal implies a commitment to "discipline, transparency and accountability" on Coahuila's part, while also laying out ways the state can increase income and lower expenses, the statement said.

BBVA Bancomer, a unit of Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) and Mexican financial group Multiva also participated in the refinancing pact.

-By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177; amy.guthrie@dowjones.com

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mlkrborn mlkrborn 13 years ago
BBVA declined to $8 from $14 in a year. 0.60 dividend.. STD trading around same level.
STD and BBVA halted issuing new debt.
Spanish Banks Halt Debt Issues On Market Instability - Report
Last update: 9/7/2011 2:20:42 AM
MADRID (Dow Jones)--Spanish banks including Banco Santander SA (STD) and Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) have decided to halt planned debt issues in coming days due to worsening market conditions, newspaper Cinco Dias reports, citing financial sources.
So far this year, Spanish banks have issued debt worth over EUR32 billion, with a EUR1 billion bond sale by Santander in May being the last deal, Cinco Dias adds.
Newspaper website: http://www.cincodias.com/articulo/mercados/banca-aparca-emisiones-deuda-temporal-mercados/20110906cdscdsmer_11/
-Madrid Bureau, Dow Jones Newswires; +34 91 395 8120; djmadrid@dowjones.com
(END) Dow Jones Newswires
September 07, 2011 02:20 ET (06:20 GMT)

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dshade dshade 13 years ago
earnings per share is decent at 1.57 but P/E is a bit rich for this environment
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dshade dshade 13 years ago
stopped out at 9.50 but this is tempting.
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dshade dshade 13 years ago
6% divi.
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dshade dshade 13 years ago
More here
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dshade dshade 13 years ago
got some 10
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dshade dshade 14 years ago
Been thinking about a position.
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The Maestro The Maestro 14 years ago
Still looking good.
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The Maestro The Maestro 14 years ago
Anyone in BBVA?
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The Maestro The Maestro 14 years ago
Should break $15 within a couple of weeks.
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The Maestro The Maestro 14 years ago
Well, I was right, headed from $9 to nearly $13.
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The Maestro The Maestro 14 years ago
Starting to trend back up.
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The Maestro The Maestro 14 years ago
I'm calling the bottom, I think we will see this one jump back to $10.50 for a nice gain, especially for those who buy on margin.

Good luck dudes!

I'm in big time.
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