0710 GMT - BBVA's results show that it has had a good start of the year, RBC Capital Markets says in a research note after the Spanish bank's first-quarter print beat consensus. The driver of the beat on a divisional basis seems to have been its performance in Spain, Benjamin Toms and Sherry Lin write. However, the analysts say that they suspect this is largely due to the lower impact of the Spanish banking tax. "We expect the focus of today's call to be on the impact of global trade wars and any developments for the Sabadell transaction," they add, referring to the bank's bid for its smaller Spanish peer. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 03:10 ET (07:10 GMT)
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