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BBVA (BBVA) Issues €1B AT1 Bonds, Reports 18% NII Growth in Q3

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the best European bank stocks to buy now. On November 3, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) issued convertible preferred securities worth €1 billion. Otherwise known as contingent convertible or CoCo bonds, these securities qualify as Additional Tier 1 (AT1) capital under solvency regulations. They are contingently convertible into newly issued ordinary shares of BBVA, that is, if the bank’s Common Equity Tier 1 (CET1) ratio falls below a certain trigger.​ The coupon is set at 5.625% per annum from November 11, 2025, to November 11, 2032. Beyond that range, the rate will reset to a margin of 324.6 basis points over the 5-year Mid-Swap Rate.

Just days earlier (October 30), the lender had reported a strong financial performance in Q3 2025. Net interest income touched €6.64 billion (up 18% year-over-year), and fee and commission income rose 15% year-over-year to €2.06 billion.​ The bank’s net attributable profit for the quarter was €2.53 billion, down 3.7% from Q2 2025 and 8% lower year-over-year. For the first nine months of 2025, net profit totaled €7.98 billion, a 4.7% increase from the prior year.​

Nevertheless, EPS for the quarter came in at €0.42, missing the consensus forecast by more than 20%. The €6.64 billion, although higher than the same quarter last year, fell short of the €10.33 billion forecast.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a Spanish multinational bank headquartered in Bilbao and Madrid. The lender operates as a universal bank, offering services that span retail, corporate, investment, and private banking.

While we acknowledge the potential of BBVA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BBVA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Solar Energy Stocks to Buy Right Now and 11 Must-Buy US Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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