BBVA Beats Expectations In Q3 2021; Receives ECB Approval To Start Its Share Buyback Programme For Up To 10% Of Capital
According to analysts, the most important aspect of the results is the favourable evolution of Ordinary Net Attributable Profit and the capital surplus, the main catalyst for the share price in Q4 2021. Key figures for 9M 2021 compared to consensus expectations (Bloomberg): Net Interest Income: €10.708bn (-3.7% vs -8.0% in H1 2021 vs €10.567bn e); Gross Margin: €15.589bn (-0.2% vs -3.6% in 6M 2021 vs €15. 530 bn e);…