BNDSY - BBVA: Good Operating Performance Is Overshadowed By Sabadell Acquisition Offer
2024-05-23 15:19:09 ET
Summary
- BBVA's attempt to acquire Banco Sabadell has negatively impacted its share price and, in my opinion, is expected to continue to do so.
- BBVA has reported positive earnings, beating expectations in revenue and EPS, but its share price did not respond significantly.
- The proposed merger with Sabadell would provide operational benefits but comes with risks and potential dilution for BBVA shareholders.
BBVA ( BBVA ) has reported a positive operating momentum in recent quarters, but its recent attempt to buy its competitor Banco Sabadell ( BNDSY ) has been negative for its share price and, in my opinion, this trend is likely to persist over the coming months....
BBVA: Good Operating Performance Is Overshadowed By Sabadell Acquisition Offer