Itau BBA Initiates Coverage of Banco BBVA Argentina S.A. (BBAR) With a Market Perform Rating

Banco BBVA Argentina S.A. (NYSE:BBAR) is one of the top NYSE stocks with the highest upside potential. On May 20, Itau BBA initiated coverage of Banco BBVA Argentina S.A. (NYSE:BBAR) with a Market Perform rating and an $18 price target.

The CEO of the retail bank standing in front of the company’s logo, pointing to the future of the business.

Banco BBVA Argentina S.A. (NYSE:BBAR) reported inflation-adjusted net income of $81.6 billion in fiscal Q1 2025, up 16.2% compared to the $70.2 billion reported in Q4 2024 and 53.2% higher than the $53.3 billion reported in Q1 2024.

Banco BBVA Argentina S.A. (NYSE:BBAR) also reported $280.7 billion in operating income in fiscal Q1 2025, 56.9% higher than the $178.9 billion recorded in fiscal Q4 2024 and 71.5% lower than the $984.2 billion recorded in fiscal Q1 2024.

Banco BBVA Argentina S.A. (NYSE:BBAR) provides banking and financial services. The company’s operations are divided into the following business lines: retail banking, small and medium-sized companies, and corporate and investment banking (CIB).

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