12:42 AM EST, 11/03/2026 (MT Newswires) -- AlphaValue/Baader Europe lifts its earnings estimates for Banco Bilbao Vizcaya Argentaria (BBVA.MC), highlighting the Spanish lender's top-line performance after its nine-month earnings report. "As announced in our post-release comments, we have upgraded our forecasts, driven by stronger top-line momentum. Hence, we have upgraded our revenue projections by 6% and 9% in 2026 and 2027 respectively, largely driven by non-interest income (+8% and +10% respectively). This stronger top-line momentum is mitigated by higher costs (+7% and +10% respectively) and loan impairments (+4% and +8% respectively)," the research firm said Monday. Analysts also upgraded their EPS projections for full-year 2026 and 2027 to 2.10 euros and 2.47 euros, respectively, from 1.97 euros and 2.25 euros. For the nine months ended Sept. 30, BBVA's net attributable profit climbed 13.6% year over year to 9.07 billion euros, while operating income was up 18.6% to 19.90 billion euros. In the third quarter, the bank's net attributable profit rose to 3.02 billion euros from 2.53 billion euros in the same year-ago period, while operating income stood at 6.75 billion euros versus 5.53 billion euros earlier. Against this backdrop, AlphaValue/Baader Europe upgraded the stock's rating to add from reduce, with a price target of 24.40 euros.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.