Banco Bilbao (BBVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how First Horizon National (FHN) and Banco Bilbao (BBVA) have performed compared to their sector so far this year.
MADRID/LONDON (Reuters) -Spanish bank Sabadell has lined up advisers to assess its options after rival BBVA unveiled a 12 billion euro ($12.83 billion) takeover offer, sources said on Thursday, as shares in Sabadell extended gains on the proposed deal. BBVA said this week that it had approached its smaller rival with an all-share offer, nearly four years after previous talks on a merger between Spain's second and fourth-largest lenders collapsed. The deal would create a Spanish bank with assets of nearly 1 trillion euros and a market value rivalling Santander, as well as helping BBVA diversify away from emerging markets like Mexico.