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home / news releases / BBVA - BBVA: Lower COVID-19 Provisions And A Return To Profits


BBVA - BBVA: Lower COVID-19 Provisions And A Return To Profits

Introduction

As BBVA (BBVA) reported a substantial net loss in Q1 due to an impairment charge on the goodwill in the USA and loan loss provisions related to the COVID-19 pandemic, I was looking forward to seeing how the Spanish bank with a strong position in the US, Turkey and Mexico performed in the second quarter.

Data by YCharts

The bank’s listing on the NYSE is sufficiently liquid (3.7M shares are changing hands on a daily basis) but as BBVA reports its financial results in Euro, I will refer to its listing on

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Stock Information

Company Name: Banco Bilbao Vizcaya Argentaria S.A.
Stock Symbol: BBVA
Market: NYSE
Website: bbva.com

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