J.P. Morgan Reduces Price Target on ​Banco Bilbao Vizcaya Argentaria (BBVA), Keeps a Buy Rating

​Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the Best European Bank Stocks to Buy According to Hedge Funds. On May 15, J.P. Morgan lowered the price target on Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) from EUR 23.6 to EUR 23.4, while maintaining an Overweight rating on the shares.

​In separate news on May 13, Fitch Ratings upgraded the BBVA’s long-term issuer rating to A from A- and also improved the long-term deposit rating to A+ from A. The rating firm also maintained a stable outlook on the bank. The improvement follows Fitch Rating’s recent review of its rating methodology and also indicates an improvement in the bank’s perceived credit quality.

J.P. Morgan Reduces Price Target on ​Banco Bilbao Vizcaya Argentaria (BBVA), Keeps a Buy Rating

​In the recent fiscal Q1 2026 earnings, the bank topped expectations with a 10.8% year-over-year increase in profit to 2.99 billion Euros. This was supported by a 17.8% year-over-year increase in net interest income to 7.54 billion, which also topped the consensus of 7.23 billion. Management noted that the bank’s strong performance in Spain and Mexico helped offset uncertainties from the Iran war.

​Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a leading Spanish multinational financial services group founded in 1857. Headquartered in Bilbao, with operating headquarters in Madrid, the bank provides retail, corporate, and investment banking services with a strong digital focus across Spain, Mexico, Turkey, and South America.

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