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 (EUR m) (*) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Interest Income | 21,673 | 21,910 | 21,967 |
| Gross Income | 27,052 | 27,527 | 28,073 |
| Operating Income | 15,167 | 15,118 | 15,373 |
| Net Attributable Profit | 6,607 | 6,464 | 6,669 |
| BIS3 FL CET1 (%) | 12,80 | 12,95 | 13,23 |
(*) Consensus calculated from the contribution of 20 analysts for the P&L and the CET1 ratio. Data updated as of February 28, 2023.
| Net Attributable Profit (EUR m) (*) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Spain | 1,949 | 1,994 | 2,205 |
| Mexico | 4,379 | 4,238 | 4,217 |
| Turkey | 426 | 419 | 440 |
| South America | 632 | 614 | 644 |
| Rest of Business | 190 | 183 | 178 |
| Corporate Center | -970 | -983 | -1,017 |
(*) Consensus calculated from the contribution of 20 analysts. Data updated as of February 28, 2023.
| Company | Analyst |
|---|---|
| Alantra Equities | Francisco Riquel |
| Autonomous Research | Britta Schmidt |
| Banco Sabadell | María Paz Ojeda |
| Bankinter | Rafael Alonso |
| Berenberg | Michael Christodoulou |
| Bestinver | Fernando Gil de Santivañes |
| CaixaBank BPI | Carlos Joaquim Peixoto |
| Citigroup | Marta Sánchez Romero |
| Credit Suisse | Pamela Zuluaga |
| Deutsche Bank | Alfredo Alonso |
| Exane BNP Paribas | Ignacio Ulargui |
| Goldman Sachs | Chris Hallam |
| GVC Gaesco | Marisa Mazo |
| HSBC | Domenico Santoro |
| JB Capital | Maksym Mishyn |
| Jefferies | Benjie Creeland-Sandford |
| JP Morgan | Sofie Peterzéns |
| KBW | Hugo Cruz |
| Kepler Cheuvreux | Jacques-Henri Gaulard |
| Mediobanca | Andrea Filtri |
| Morgan Stanley | Álvaro Serrano |
| RBC | Benjamin Toms |
| Redburn | Gonzalo López |
| Renta 4 | Nuria Álvarez |
| Santander | Patrick Lee |
| Société Générale | Carlos Cobo |
| UBS | Ignacio Cerezo |
| Company | Recommendation | P.O. | Date |
|---|---|---|---|
| Alantra Equities | BUY | 8.40 | 03/29/2023 |
| Autonomous | HOLD | 7.69 | 03/21/2023 |
| Bankinter | BUY | 8.05 | 02/01/2023 |
| Berenberg | HOLD | 6.80 | 02/02/2023 |
| Bestinver | BUY | 7.70 | 02/10/2023 |
| Caixabank BPI | BUY | 8.45 | 02/01/2023 |
| Citigroup | BUY | 8.25 | 01/27/2023 |
| Carraighill | HOLD | 7.00 | 08/13/2021 |
| Credit Suisse | HOLD | 6.70 | 02/02/2022 |
| Deutsche Bank | BUY | 8.40 | 02/27/2023 |
| Exane BNP Paribas | HOLD | 7.30 | 03/21/2023 |
| Goldman Sachs | HOLD | 9.20 | 02/24/2023 |
| GVC Gaesco | HOLD | 6,00 | 11/07/2021 |
| HSBC | HOLD | 7.80 | 02/07/2023 |
| JB Capital | BUY | 9.00 | 01/01/2023 |
| Jefferies | BUY | 8.00 | 02/09/2023 |
| JP Morgan | HOLD | 8.10 | 02/24/2023 |
| Keefe B&W | HOLD | 8.58 | 03/31/2023 |
| Kepler Cheuvreux | HOLD | 7.11 | 02/06/2023 |
| Mediobanca | HOLD | 5.70 | 10/31/2022 |
| Morgan Stanley | BUY | 8.20 | 01/02/2023 |
| Norbolsa | HOLD | 5.04 | 06/17/2021 |
| Oddo | HOLD | 7.70 | 02/01/2023 |
| RBC | BUY | 7.75 | 02/01/2023 |
| Redburn | HOLD | NA | 05/07/2021 |
| Renta 4 | BUY | 8.39 | 12/14/2021 |
| Sabadell | BUY | 6.13 | 06/16/2022 |
| Santander | BUY | 8.25 | 02/01/2023 |
| Societe Generale | HOLD | 6.40 | 02/02/2023 |
| UBS | BUY | 8.40 | 02/01/2023 |
| Company | Recommendation | P.O. | Date |
|---|---|---|---|
| Alantra Equities | BUY | 8.40 | 03/29/2023 |
| Autonomous | HOLD | 7.69 | 03/21/2023 |
| Bankinter | BUY | 8.05 | 02/01/2023 |
| Berenberg | HOLD | 6.80 | 02/02/2023 |
| Bestinver | BUY | 7.70 | 02/10/2023 |
| Caixabank BPI | BUY | 8.45 | 02/01/2023 |
| Citigroup | BUY | 8.25 | 01/27/2023 |
| Carraighill | HOLD | 7.00 | 08/13/2021 |
| Credit Suisse | HOLD | 6.70 | 02/02/2022 |
| Deutsche Bank | BUY | 8.40 | 02/27/2023 |
| Exane BNP Paribas | HOLD | 7.30 | 03/21/2023 |
| Goldman Sachs | HOLD | 9.20 | 02/24/2023 |
| GVC Gaesco | HOLD | 6,00 | 11/07/2021 |
| HSBC | HOLD | 7.80 | 02/07/2023 |
| JB Capital | BUY | 9.00 | 01/01/2023 |
| Jefferies | BUY | 8.00 | 02/09/2023 |
| JP Morgan | HOLD | 8.10 | 02/24/2023 |
| Keefe B&W | HOLD | 8.58 | 03/31/2023 |
| Kepler Cheuvreux | HOLD | 7.11 | 02/06/2023 |
| Mediobanca | HOLD | 5.70 | 10/31/2022 |
| Morgan Stanley | BUY | 8.20 | 01/02/2023 |
| Norbolsa | HOLD | 5.04 | 06/17/2021 |
| Oddo | HOLD | 7.70 | 02/01/2023 |
| RBC | BUY | 7.75 | 02/01/2023 |
| Redburn | HOLD | NA | 05/07/2021 |
| Renta 4 | BUY | 8.39 | 12/14/2021 |
| Sabadell | BUY | 6.13 | 06/16/2022 |
| Santander | BUY | 8.25 | 02/01/2023 |
| Societe Generale | HOLD | 6.40 | 02/02/2023 |
| UBS | BUY | 8.40 | 02/01/2023 |
