Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) has been identified as one of the most profitable financial stocks to invest in, according to a report by TheFly on January 21. Citi recently raised the price target on BBVA to EUR 23.50, up from EUR 21.50, while maintaining a Buy rating. This positive outlook was echoed by BofA Securities on January 9, which increased the price target to EUR 24.30 from EUR 21 and also kept a Buy rating.
Analyst Antonio Reale from BofA Securities highlighted BBVA’s “enviable quality franchise with solid market shares” in key markets such as Mexico, Türkiye, and Spain. With a 60% contribution to the company’s group profits, the Mexican market stands to benefit from a trade agreement with USMCA, which could lead to a resurgence in near-shoring activities and reduce volatility in the region. Türkiye operations are also expected to experience significant growth, with profits projected to triple by 2028 despite higher provisions.
Established in 1857 and based in Bilbao, Spain, Banco Bilbao Vizcaya Argentaria, S.A. offers retail and wholesale banking as well as asset management services through online and mobile channels. While BBVA presents a promising investment opportunity, some AI stocks may offer greater upside potential with lower downside risk. Investors seeking undervalued AI stocks with potential gains from Trump-era tariffs and the onshoring trend can explore Insider Monkey’s report on the best short-term AI stock.
For more insights into investment opportunities, readers can check out articles on The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. It is important to note that the author has disclosed no financial interest in the mentioned stocks.
