Equity Profile

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

FinancialsDiversified Banks$152.5B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and performance, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the bank's ability to expand its business and attract new customers, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a major financial institution based in Spain, providing a wide range of banking services including retail banking, asset management, and investment banking. As a diversified bank, BBVA plays a crucial role in the financial sector, particularly in Europe and Latin America, and is influenced by trends in consumer spending and economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

In Q1-2026, BBVA reported an EPS of $0.60, exceeding expectations by 5.4%. The stock reacted positively, gaining 3.9% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are anticipating strong earnings from BBVA, particularly given its history of beating EPS estimates. The market is also watching for any signs of revenue growth and loan demand.

Bull Case

If BBVA continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investors, leading to a significant stock price increase.

Bear Case

Conversely, if the earnings report reveals slower loan growth or disappointing revenue figures, it could raise concerns about the bank's future performance and negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of BBVA's loan portfolio this quarter?

Loan growth is critical for banks as it directly affects interest income and overall profitability, making it a key focus for investors.

How does BBVA plan to address any challenges in revenue growth?

Understanding management's strategy for revenue growth will provide insights into the bank's future performance and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to drive loan growth despite economic pressures, as recent trends show resilience in consumer demand.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a much larger move than historical averages, indicating potential for significant surprises.

The bank's diversified operations may mitigate risks from specific economic challenges.

Key Risk

If loan growth exceeds 10%, it could challenge the current cautious outlook and lead to a positive reassessment of BBVA's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on BBVA's ability to maintain loan growth and revenue stability amid changing economic conditions.

Bull Confirmed If

Loan growth of +10% YoY or better would confirm the bull case, indicating strong demand and operational efficiency.

Bear Confirmed If

A loan growth rate below 2% would confirm the bear case, raising concerns about the bank's ability to generate income.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.75%

Pricing rich

The options market is pricing in a significant potential move in BBVA's stock following the earnings report, indicating heightened uncertainty or anticipation.

Options are pricing a 22.74% move, while the stock has averaged only a 3.75% move historically, suggesting a rich setup.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests the stock could rise by around 3.04%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future growth prospects.

Miss

If BBVA misses expectations, the stock could see a decline, with historical data indicating an average drop of around 3.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand trends in key markets.
2Management's outlook on revenue growth and strategies to overcome challenges.
3Insights into cost management and operational efficiency improvements.
4Comments on macroeconomic factors affecting the banking sector.
5Any changes in guidance or expectations for the upcoming quarters.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and performance, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the bank's ability to expand its business and attract new customers, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

In Q1-2026, BBVA reported an EPS of $0.60, exceeding expectations by 5.4%. The stock reacted positively, gaining 3.9% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are anticipating strong earnings from BBVA, particularly given its history of beating EPS estimates. The market is also watching for any signs of revenue growth and loan demand.

Bull Case

If BBVA continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investors, leading to a significant stock price increase.

Bear Case

Conversely, if the earnings report reveals slower loan growth or disappointing revenue figures, it could raise concerns about the bank's future performance and negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of BBVA's loan portfolio this quarter?

Loan growth is critical for banks as it directly affects interest income and overall profitability, making it a key focus for investors.

How does BBVA plan to address any challenges in revenue growth?

Understanding management's strategy for revenue growth will provide insights into the bank's future performance and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to drive loan growth despite economic pressures, as recent trends show resilience in consumer demand.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a much larger move than historical averages, indicating potential for significant surprises.

The bank's diversified operations may mitigate risks from specific economic challenges.

Key Risk

If loan growth exceeds 10%, it could challenge the current cautious outlook and lead to a positive reassessment of BBVA's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on BBVA's ability to maintain loan growth and revenue stability amid changing economic conditions.

Bull Confirmed If

Loan growth of +10% YoY or better would confirm the bull case, indicating strong demand and operational efficiency.

Bear Confirmed If

A loan growth rate below 2% would confirm the bear case, raising concerns about the bank's ability to generate income.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.75%

Pricing rich

The options market is pricing in a significant potential move in BBVA's stock following the earnings report, indicating heightened uncertainty or anticipation.

Options are pricing a 22.74% move, while the stock has averaged only a 3.75% move historically, suggesting a rich setup.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests the stock could rise by around 3.04%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future growth prospects.

Miss

If BBVA misses expectations, the stock could see a decline, with historical data indicating an average drop of around 3.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand trends in key markets.
2Management's outlook on revenue growth and strategies to overcome challenges.
3Insights into cost management and operational efficiency improvements.
4Comments on macroeconomic factors affecting the banking sector.
5Any changes in guidance or expectations for the upcoming quarters.