BBVA Q2 Net Profit Down 58%
Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) reported a 58% drop in its second-quarter net profit.
BBVA's quarterly net profit declined to 505 million euros ($620 million), from EUR1.19 billion, in the year-ago period. Its net interest income surged 16% to EUR3.74 billion.
Analysts were projecting a profit of EUR643 million and net interest income of EUR3.64 billion.
BBVA shares closed at $6.56 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.