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BBVA Q3 Net Profit Drops 82%

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Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) reported an 82% drop in its third-quarter net profit.

BBVA's quarterly net profit fell to EUR146 million, from EUR804 million, in the year-ago period. However, analysts were expecting a profit of EUR166 million.

Its net interest income surged 18% to EUR3.88 billion, versus analysts' estimates of EUR3.8 billion.

BBVA's net profit in the first nine months declined 47% to EUR1.66 billion.

BBVA's shares closed at $8.06 on Friday.

Posted-In: profitEarnings News

 

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