Spain's second-largest bank, BBVA, has reported a 32% rise in its fourth-quarter net profit, buoyed by robust contributions from its operations in Mexico and Spain. The bank's earnings exceeded analysts' forecasts, leading to the announcement of a significant share buyback program valued at €781 million ($846 million). Following the news, BBVA shares saw a pre-market increase of 3.6%.
$BBVA (+3.6% pre) BBVA Plans $846 Mln Buyback After Profit Rises https://t.co/Wsb2o4ap1o
BBVA net profit beats forecasts, shares rise on buyback plan https://t.co/XQ08E6Gd7l https://t.co/4rr8hUV71i
BBVA's Q4 net profit rises 32% buoyed by Mexico and Spain https://t.co/kP2oiJl29u https://t.co/rYKg7BTPbu
BBVA plans €781 million in buybacks after forecast-beating profit https://t.co/4b4rrZwTAF
Spain’s second-largest lender BBVA reports earnings that beat estimates, and announces a €781 million share buyback program https://t.co/Rk6dHyUgfQ