BBVA Exceeds Expectations, Earnings Helped by Interest Income -- Market Talk
Dow Jones
Jan 30, 2025
0758 GMT - BBVA posted a fourth-quarter net income that beat consensus expectations, helped by net interest income rising both on quarter and on year, JPMorgan analysts say in a research note. Net interest income of 6.41 billion euros reflected progression in Argentina and Turkey due to hyperinflation, JPMorgan says. Fees income for the quarter at 2.23 billion euros was 9% ahead of consensus expectations. While revenue rose, so too did costs, which came in 10% higher than expected. Divisionally, net income came in 9% ahead of consensus in Spain, 16% in Turkey and 21% in South America. Net income from Mexico came in line with expectations, the analysts say. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 02:58 ET (07:58 GMT)
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