Banco Bilbao Vizcaya Argentaria SA
MAD:BBVA
US |
Johnson & Johnson
NYSE:JNJ
|
Pharmaceuticals
|
|
US |
Estee Lauder Companies Inc
NYSE:EL
|
Consumer products
|
|
US |
Exxon Mobil Corp
NYSE:XOM
|
Energy
|
|
US |
Church & Dwight Co Inc
NYSE:CHD
|
Consumer products
|
|
US |
Pfizer Inc
NYSE:PFE
|
Pharmaceuticals
|
|
US |
American Express Co
NYSE:AXP
|
Financial Services
|
|
US |
Nike Inc
NYSE:NKE
|
Textiles, Apparel & Luxury Goods
|
|
US |
Visa Inc
NYSE:V
|
Technology
|
|
CN |
Alibaba Group Holding Ltd
NYSE:BABA
|
Retail
|
|
US |
3M Co
NYSE:MMM
|
Industrial Conglomerates
|
|
US |
JPMorgan Chase & Co
NYSE:JPM
|
Banking
|
|
US |
Coca-Cola Co
NYSE:KO
|
Beverages
|
|
US |
Target Corp
NYSE:TGT
|
Retail
|
|
US |
Walt Disney Co
NYSE:DIS
|
Media
|
|
US |
Mueller Industries Inc
NYSE:MLI
|
Machinery
|
|
US |
PayPal Holdings Inc
NASDAQ:PYPL
|
Technology
|
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
52 Week Range |
7.996
11.235
|
Price Target |
|
We'll email you a reminder when the closing price reaches EUR.
Choose the stock you wish to monitor with a price alert.
Johnson & Johnson
NYSE:JNJ
|
US | |
Estee Lauder Companies Inc
NYSE:EL
|
US | |
Exxon Mobil Corp
NYSE:XOM
|
US | |
Church & Dwight Co Inc
NYSE:CHD
|
US | |
Pfizer Inc
NYSE:PFE
|
US | |
American Express Co
NYSE:AXP
|
US | |
Nike Inc
NYSE:NKE
|
US | |
Visa Inc
NYSE:V
|
US | |
Alibaba Group Holding Ltd
NYSE:BABA
|
CN | |
3M Co
NYSE:MMM
|
US | |
JPMorgan Chase & Co
NYSE:JPM
|
US | |
Coca-Cola Co
NYSE:KO
|
US | |
Target Corp
NYSE:TGT
|
US | |
Walt Disney Co
NYSE:DIS
|
US | |
Mueller Industries Inc
NYSE:MLI
|
US | |
PayPal Holdings Inc
NASDAQ:PYPL
|
US |
This alert will be permanently deleted.
Earnings Call Analysis
Q4-2023 Analysis
Banco Bilbao Vizcaya Argentaria SA
BBVA experienced a year of considerable expansion in 2023. The bank’s loan portfolio grew by 8%, reflecting a strong demand for its financial services. This growth is also mirrored in the substantial addition of over 11 million new customers, signifying BBVA’s increased market reach and consumer trust. The focus on financing climate change-related initiatives, a sector that vastly surpassed the bank's initial expectations, played a significant role in this success, with EUR 70 billion directed towards environmentally conscious investments.
With profits hitting an unprecedented high of over EUR 8 billion, BBVA has demonstrated its ability to translate business growth into value for a broad range of stakeholders. The distribution of the profit was strategically balanced; one-third contributing to corporate income tax, underpinning the bank's commitment to social welfare. An equal allocation via dividends and a new share buyback program amounting to EUR 0.55 per share and EUR 781 million respectively, reflected the bank’s dedication to shareholder returns. The remaining funds were earmarked for reinvestment, signaling confidence in future growth opportunities.
Looking ahead, BBVA forecasts another year of growth in 2024, buoyed by the robustness of its operations and ongoing strides in the incorporation of innovation, digitalization, and sustainability in its strategic direction. This growth is seen not just as a financial target but as a means to impact positively on customers' lives, reinforcing BBVA’s dedication to social and economic contributions beyond mere profitability.
2023 was a very positive year for BBVA. We increased lending by 8% and added more than 11 million new customers, helping more families and companies meet their goals and carry out their projects. In addition, decarbonization has clearly exceeded our expectations as a business opportunity. In 2023, we channeled EUR 70 billion in financing related to climate change and inclusive growth. Thanks to all this activity, our profit surpassed EUR 8 billion for the first time.
These results allow us to extend our positive impact on society throughout our footprint and to create value for all of our stakeholders, clients, shareholders, employees and society as a whole. We allocate EUR 4 billion, which is 1/3 of our pretax profit to corporate income tax, a direct contribution to the well-being of society. Another EUR 4 billion to significantly increase our distributions to our shareholders, almost 800,000 shareholders, many of them small savers through a EUR 0.55 dividend per share and a new share buyback program of EUR 781 million.
And the remaining EUR 4 billion of pretax profit is reinvested in the business so we can increase lending in the future. We expect 2024 to be once again a year of growth for BBVA, thanks to the strength of our franchises and the progress in the execution of our strategy, focused on innovation, digitization and sustainability. This growth will allow us to have a greater impact on people's lives.