Equity analysts

Analysts consensus

The information contained herein either has been provided by analyst or is available to the public and BBVA make no representation or warranty, express or implied, as to the accuracy or completeness of the referred information.

BBVA reserves the right to modify or supplement the information provided without prior notice.

This data, that is not under the obligation to disclose information required by the Comisión Nacional del Mercado de Valores (CNMV), is provided as a courtesy and for convenience and informational purposes only and is not intended to imply any endorsement of or provide any investment advice.

BBVA shall have no liability whatsoever (in negligence or otherwise) for any damage or loss howsoever arising from any use of this information.

 

Consensus of estimated quarterly results

 

Consolidated

Consensus (€Mn)4Q21
Net Interest Income3,761
Gross Income5,069
Operating Income2,687
Net Attributable Profit1,042
BIS3 FL CET1 (%) 13.20

(*) This consensus includes the estimates of 22 analysts for the P&L and 19 for the CET1 FL ratio. Updated as of January 20th, 2022

Business areas

Net Attributable Profit (EUR m)4Q21
Spain290
Mexico626
Turkey134
South America114
Rest of Business55
Corporate Center-178

(*) This consensus includes the estimates of 22 analysts. Updated as of January 20th, 2022

 

Consensus of estimated annual results

 

Consolidated

Consensus (EUR m) (*)2021202220232024
Net Interest Income
14,48114,78915,02515,492
Gross Income20,67320,46920,77521,441
Operating Income11,34711,27411,55712,146
Net Attributable Profit excluding corporate operations and restructuring charges4,7374,6544,8945,246
Net Attributable Profit (**)4,3214,6114,8555,246
BIS3 FL CET1 (%)13.2913.1013.2913.44

(*) Consensus calculated from the contribution of 16 analysts. Data updated as of December 13, 2021.

(**) The implicit stake in Garanti BBVA is expected to increase to 76% in 2022 and 84% in 2023-24.

Business areas

Net Attributable Profit (EUR m) (*)2021202220232024
Spain1,5151,5051,5821,711
Mexico2,4232,5652,6932,902
Turkey (**)724758792771
South America456497532567
Rest of Business252210210213
Corporate Center excluding corporate operations and restructuring charges-634-882-916-919
Corporate Center-1,050-925-955-919

(*) Consensus calculated from the contribution of 16 analysts. Data updated as of December 13, 2021.

(**) The implicit stake in Garanti BBVA is expected to increase to 76% in 2022 and 84% in 2023-24.

To our best knowledge, the following analysts and companies follow BBVA on a regular basis. BBVA takes no responsibility for their opinions.

CompanyAnalyst
Alantra EquitiesFrancisco Riquel
Autonomous ResearchBritta Schmidt
Banco SabadellMaría Paz Ojeda
BankinterRafael Alonso
Barclays Fernando Gil De Santivañes
BerenbergMichael Christodoulou
BestinverMario Ropero
BofA-MLMarta Sánchez
CaixaBank BPICarlos Joaquim Peixoto
CitigroupStefan Nedialkov
Credit SuisseJon Peace
Deutsche BankFlora Benhakoun
Exane BNP ParibasIgnacio Ulargui
Goldman SachsJermej Omahen
GVC GaescoMarisa Mazo
HSBCDomenico Santoro
JB CapitalMaksym Mishyn
JefferiesBenjie Creeland-Sandford
JP MorganSofie Peterzéns
KBWDaragh Quinn
Kepler CheuvreuxJacques-Henri Gaulard
MediobancaAndrea Filtri
Morgan StanleyÁlvaro Serrano
Morningstar Johann Scholtz
NorbolsaNagore Díez
RBCBenjamin Toms
RedburnGonzalo López
Renta 4Nuria Álvarez
SantanderPatrick Lee
Société GénéraleCarlos Cobo
UBSIgnacio Cerezo

Including equity analyst recommendation on BBVA.

Analyst recommendations

CompanyRecommendationP.O.Date
Alantra EquitiesBUY6.7012/03/2021
AutonomousHOLD6.8411/24/2021
BankinterBUY7.1011/02/2021
BarclaysHOLD6.6011/26/2021
BerenbergHOLD5.3008/12/2021
BestinverBUY5.7012/10/2021
BoAMLBUY7.0011/19/2021
Caixabank BPIBUY7.1511/19/2021
CarraighillHOLD5.5506/09/2021
CitigroupBUY6.7011/18/2021
Credit SuisseHOLD5.2012/08/2021
Deutsche BankBUY6.4030/10/2021
Exane BNP ParibasHOLD6,0011/22/2021
Goldman SachsNANA11/18/2020
GVC GaescoHOLD6,0011/19/2021
HSBCHOLD6.3011/02/2021
JB CapitalHOLD5.5011/19/2021
JefferiesBUY7.6011/18/2021
JP MorganBUY7.2011/18/2021
Keefe B&WSELL5.6411/05/2021
Kepler CheuvreuxHOLD7.0011/19/2021
MediobancaHOLD6.0011/19/2021
Morgan StanleyBUY7.0011/24/2021
MorningstarBUY6.1011/26/2021
NorbolsaBUY5.7307/31/2021
OddoBUY6.7011/22/2021
RBCBUY    6.6011/19/2021
RedburnHOLDNA05/07/2021
Renta 4BUY6.8006/30/2021
SabadellSELL5.9410/15/2021
SantanderBUY7.3011/11/2021
Societe GeneraleBUY6.7011/19/2021
UBSHOLD6.2011/18/2021

The information contained herein either has been provided by analyst or is available to the public and BBVA make no representation or warranty, express or implied, as to the accuracy or completeness of the referred information.

BBVA reserves the right to modify or supplement the information provided without prior notice.

This data, that is not under the obligation to disclose information required by the Comisión Nacional del Mercado de Valores (CNMV), is provided as a courtesy and for convenience and informational purposes only and is not intended to imply any endorsement of or provide any investment advice.

BBVA shall have no liability whatsoever (in negligence or otherwise) for any damage or loss howsoever arising from any use of this information.

 

Consensus of estimated quarterly results

 

Consolidated

Consensus (€Mn)4Q21
Net Interest Income3,761
Gross Income5,069
Operating Income2,687
Net Attributable Profit1,042
BIS3 FL CET1 (%) 13.20

(*) This consensus includes the estimates of 22 analysts for the P&L and 19 for the CET1 FL ratio. Updated as of January 20th, 2022

Business areas

Net Attributable Profit (EUR m)4Q21
Spain290
Mexico626
Turkey134
South America114
Rest of Business55
Corporate Center-178

(*) This consensus includes the estimates of 22 analysts. Updated as of January 20th, 2022

 

Consensus of estimated annual results

 

Consolidated

Consensus (EUR m) (*)2021202220232024
Net Interest Income
14,48114,78915,02515,492
Gross Income20,67320,46920,77521,441
Operating Income11,34711,27411,55712,146
Net Attributable Profit excluding corporate operations and restructuring charges4,7374,6544,8945,246
Net Attributable Profit (**)4,3214,6114,8555,246
BIS3 FL CET1 (%)13.2913.1013.2913.44

(*) Consensus calculated from the contribution of 16 analysts. Data updated as of December 13, 2021.

(**) The implicit stake in Garanti BBVA is expected to increase to 76% in 2022 and 84% in 2023-24.

Business areas

Net Attributable Profit (EUR m) (*)2021202220232024
Spain1,5151,5051,5821,711
Mexico2,4232,5652,6932,902
Turkey (**)724758792771
South America456497532567
Rest of Business252210210213
Corporate Center excluding corporate operations and restructuring charges-634-882-916-919
Corporate Center-1,050-925-955-919

(*) Consensus calculated from the contribution of 16 analysts. Data updated as of December 13, 2021.

(**) The implicit stake in Garanti BBVA is expected to increase to 76% in 2022 and 84% in 2023-24.

Updated page 26 November 2021