Previous close | 10.57 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 1,025 |
Market cap | 65.854B |
Beta (5Y monthly) | 1.51 |
PE ratio (TTM) | 8.81 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.46 (5.63%) |
Ex-dividend date | 03 Apr 2023 |
1y target est | N/A |
MADRID (Reuters) -Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. The country's fourth-largest lender by market value said its board believed BBVA's proposal significantly undervalues the potential of Banco Sabadell and its growth prospects, calling the offer unsolicited. Last week, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices.
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.