Banco Bilbao Vizcaya Argentaria SA

BBVA: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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European Banks: Credit Fears Are Rational, but Overshoots Create Opportunity

Johann Scholtz , Niklas Kammer

Mar 13, 2026

European banks have declined around 10% from their highs as rising oil and gas prices and the prospect of higher-for-longer interest rates fuel fears that loan defaults will rise.

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Banco Bilbao Vizcaya Argentaria SA

European Banks: Credit Fears Are Rational, but Overshoots Create Opportunity

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