Why did Banco Bilbao Vizcaya Argentaria stock rise on 9 October?
Written after the close on
Banco Bilbao Vizcaya Argentaria +0.39% · IBEX 35 +0.55%
BBVA rose slightly in the last session, tracking a slightly firmer Spanish market. Over the last five trading days it fell clearly, a bigger drop than a roughly unchanged IBEX 35, so the weakness was mostly its own. That likely reflects profit-taking after a strong run and caution ahead of the late-October earnings report, with Spanish banks also sensitive to interest-rate expectations. Watch the late-October results for the next clear signal.
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