(News Bulletin 247) – UBS confirms its advice to buy the stock with an unchanged target of 8.4 E.
‘We believe BBVA is a defensive option, with liquidity comfort combined with still upside earnings and a still attractive multiple,’ UBS said.
Recall that BBVA recorded a net profit of 6.42 billion euros for the 2022 financial year (+38% at current exchange rates, +39% in constant euros).
‘For 2023, and despite the uncertainty, we will continue to create opportunities for all and contribute to the economic and social growth of the countries in which we are present,’ said Carlos Torres Vila.
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