|Bid||6.11 x 46000|
|Ask||6.17 x 1400|
|Day's range||6.12 - 6.20|
|52-week range||2.49 - 6.53|
|Beta (5Y monthly)||1.94|
|PE ratio (TTM)||8.99|
|Forward dividend & yield||0.07 (1.23%)|
|Ex-dividend date||27 Apr 2021|
|1y target est||6.95|
MADRID (Reuters) -BBVA has reached an agreement with unions to lay off 2,935 employees in Spain, around 12.6% of its banking workforce in its home market, the bank and Comisiones Obreras (CCOO) union said on Tuesday. "The adjustment plan is necessary to ensure the competitiveness and sustainability of future employment in the entity given the current context of profound transformation of the financial sector," BBVA said in a statement. In April, BBVA said it was initially planning to cut 3,798 jobs and close 530 branches, more than a fifth of its offices in Spain, to adapt to a customer shift towards online banking.
A Spanish union said on Thursday it had called on BBVA's more than 20,000 employees in Spain to hold a one-day strike next week in protest over the bank's plans for layoffs. Although Comisiones Obreras (CCOO) has scheduled another meeting next week with Spain's second-largest bank, it does not expect any breakthrough, a spokesman for the union at BBVA said. "Negotiations with the bank have not progressed over layoff plans and we are formally calling a strike on June 2," the spokesman said, adding the CCOO would also call for partial strikes and rallies next week.
BBVA earnings call for the period ending March 31, 2021.