|Bid||6.28 x 1400|
|Ask||6.59 x 1800|
|Day's range||6.30 - 6.39|
|52-week range||4.53 - 7.26|
|Beta (5Y monthly)||2.04|
|PE ratio (TTM)||8.75|
|Forward dividend & yield||0.09 (1.52%)|
|Ex-dividend date||08 Oct 2021|
|1y target est||N/A|
State Street (STT) and BNP Paribas (BNPQY) are competing to buy Banco Bilbao's (BBVA) custody unit. The sale is valued at $566.5 million.
France's BNP Paribas and U.S. firm State Street Corp are vying to buy the custody business of Spanish lender BBVA and have made indicative bids for the unit as they battle to build scale, three sources told Reuters. BBVA launched the sale of the unit during the summer and is working to draw a shortlist of bidders to be admitted to the final stages of the auction early next year, the sources said, speaking on condition of anonymity. The sale, valued at about 500 million euros ($566.50 million), has also drawn interest from Credit Agricole, Royal Bank of Canada and BNY Mellon, the sources said.
This is the first traditional bank in Europe to offer ether into trading and custody services.