Banco Bilbao Viscaya Argentaria is trading 4.7% down at $23.30 after third-quarter Spanish business profit fell to €934 million from €988 million a year earlier, missing analysts’ €1.03 billion estimate.
- The stock is down from its October 29 close of $24.45.
- Financials were rising in the supplied sector context; reporting linked the earnings reaction to weaker-than-expected Spanish results despite strong group profit.