Analysts consensus

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Consensus of estimated results

Annual earnings consensus

Consolidated
Consensus (EUR m) (E*)201520162017
Net Interest Income
17,05019,76321,143
Gross Income
23,34527,39929,081
Operating Income
12,11714,03415,288
Results from corporate transactions
-894   -9    -4
Net Attributable Profit
2,979
5,0775,917
EPS (€)0.500.810.93

(E*) All the estimates included in this consensus are taking into account all the corporate transactions that BBVA has announced (the acquisition of Catalunya Banc, the stake increase in Garanti, the partial sale of CNCB and the sale of CIFH). For informational proposes, the one-offs associated to these transactions have been included under the "results from corporate transactions" line item. The consensus for 2015 includes the estimates of 16 analysts, the consensus of 2016 the estimates of 16 analysts and the consensus of 2017 the estimates of 15. Last update: 05/26/2015.

Business areas
Net Attributable Profit (EUR m) (E*)201520162017
Banking activity in Spain 
1,1951,6521,927
Real- Estate activity in Spain
  -573  -344  -254
The United States 
   542   609   664
Turkey 
   472   651   717
Rest of Eurasia
   146  144152 
Mexico 
2,166
2,4352,644
South America9451,0251,110 
Corporate Center-1,929 -1,093-1,080 

(E*) All the estimates included in this consensus are taking into account all the corporate transactions that BBVA has announced (the acquisition of Catalunya Banc, the stake increase in Garanti, the partial sale of CNCB and the sale of CIFH), as well as their associated one-offs. As a result, the number of estimates used to calculate the consensus has been different among the Business Areas: in 2015 it includes from 12 to 19 estimates, between 12 and 19 estimates for 2016 and between 12 and 18 estimates for 2017. The "results from corporate transactions" line item, that includes the net impact of the one-offs associated to these transactions, has been allocated in the Corporate Center. Last update: 05/26/2015.

Analyst & Recommendations

Last updated 07/03/2015

 

Company
Recommendation
P.O.
Ahorro Corporación 
HOLD           
8.70
AutonomousHOLD9.40
Barclays CapitalHOLD8.80
BEKA FinanceBUY10.80
BerenbergSELL7.10
BernsteinBUY11.10
BoAMLHOLD8.36
BPIHOLD10.55
BESIBUY10.50
CitigroupBUY10.50
Credit SuisseHOLD8.10
Deutsche BankBUY10.20
ExaneSELL9.40
FidentiisBUY10.25
Goldman SachsHOLD10.90
HSBCHOLD9.34
Invercaixa             BUY    10.50
JB CapitalBUY10.95
JP MorganSELL8.35
Keefe B&WHOLD8.40
KeplerBUY9.50
MacquarieSELL    8.10
MainFirstHOLD9.00
MediobancaHOLD9.40
Morgan StanleyBUY10.50
N+1HOLD9.80
NatixisHOLD8.70
NomuraBUY10.00
OddoHOLD8.80
RBCSELL7.50
RedburnHOLDN.A
SabadellBUY9.80
SantanderBUY11.60
Societe GeneraleSELL7.85
UBSBUY9.50

Homogenized concepts

BUY: Outperform

HOLD: Nuetral, Market perform 

SELL: Reduce, underperform


Page updated 03 July 2015