Banco Bilbao Vizcaya Argentaria SA ADR
BBVA: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $17.60 | Swybvd | Mqkjxlls |
Banco Bilbao Vizcaya Argentaria an Emerging Market Play With Surplus Capital
Business Strategy and Outlook
We believe that Banco Bilbao Vizcaya Argentaria, or BBVA, will generate higher midcycle profitability than its peers, supported by its market-leading positions in attractive banking jurisdictions, notably Mexico. We do not believe that this superior profitability comes with substantially higher risks, as BBVA's geographical diversification and its retail and commercial focus offsets some of the risk that comes with BBVA's geographical tilt toward more volatile emerging markets.