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Market recognizes strength of BBVA's second quarter performance.

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ENPNewswire-August 8, 2022--Market recognizes strength of BBVA's second quarter performance

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Release date- 05082022 - BBVA's second quarter 2022 results were warmly received by the market.

After the figures were released, the bank's shares rose 6% in trading on Friday, July 29.

Earnings outperformed analysts' consensus estimate by 77%.

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BBVA posted recurrent net attributable profit of EUR1.9 billion in the second quarter of 2022, well above analysts' estimates.

Driven by higher revenues and lower provisions, the results of the core business areas exceeded consensus estimates. Despite a rise in costs (+12% in the first half compared to the same period in 2021) in a context of high inflation in the countries where BBVA operates (+13.1% on average), analysts pointed out that the jaws ratio remains positive.

The analyst community took a positive view of the strength of BBVA's business and operating trends and anticipated higher...

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