Here’s What the Wall Street Thinks About ​Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

​Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the Best Performing Affordable Stocks Under $40. On January 9, Antonia Reale from Bank of America Securities reiterated a Buy rating on the stock and raised the price target from EUR21 to EUR24.3. Earlier on January 5, Citi also reiterated a Buy rating on Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) and raised the price target from EUR21 to EUR21.5.

​Analysts from BofA noted the bank has “enviable quality franchise with solid market shares” in Mexico, Türkiye, and Spain, supported by a $133.7 billion market cap. He added that the bank generates around 60% profit from Mexico, which is expected to rise further by the USMCA trade agreements, boosting near-shoring despite ongoing volatility. Moreover, the firm also expects the bank to see significant growth in Türkiye. The profits from Türkiye are expected to triple by 2028, despite the higher provisions.

​Lastly, BofA noted that Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) trades at a discount to peers and its fair value, achieving around 22% return on tangible equity (ROTE) alongside anticipated share buybacks.

​Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a Spain-based multinational bank offering diversified financial services, including retail and wholesale banking, asset management, private banking, and insurance.

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