BBVA Gets a Boost from Failed M&A and New Buyback Announcement

9 days ago

Caroline Heepka / Tom McKenzie / Chloe Malay

"BBVA shares though an exception uh chairman Collus Torres's announcement that he'll stay on despite the failed bid for another bank. Yeah. So investors are happy that he's staying on but also happy that the bid has failed. Some analysts said that this is actually quite the relief that this removes the M&A uncertainty that was hanging over both banks and it really allows them to move on and focus on their standalone prospects. And then of course BBVA also announced a brand new buyback."

The segment highlights BBVA as a standout among European banks due to its chairman staying on and the failure of a takeover bid, which removes M&A uncertainty. The announcement of a new buyback further boosts investor sentiment for BBVA.

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