BBVA: Emerging Markets Exploration To Catalyze Their Top-Line Growth?

Banco Bilbao Vizcaya Argentaria (BBVA) reported its third-quarter earnings for 2024, presenting a financial snapshot that highlights both strong performance and areas of concern. The bank achieved a net attributable profit of EUR 2,627 million, marking a 26% increase compared to the same quarter last year, albeit a 6% decline from the previous quarter’s record numbers. A notable achievement in this quarter was the tangible book value per share plus dividends, which rose by 16% year-over-year, showcasing BBVA’s capacity for generating shareholder value despite currency depreciation challenges, especially from the Mexican peso.