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BBVA shares fall 1.23% premarket as Sabadell pledges higher profits and payouts.
ByAinvest
Thursday, Jul 24, 2025 5:04 am ET1min read
Bank Bilbao Vizcaya Argentaria, S.A. fell 1.23% in premarket trading. The decline comes as Sabadell, a rival bank, pledged to boost profits and payouts for shareholders, including from the sale of its UK arm TSB, and aims to make a net profit of more than 1.6 billion euros in 2027. Additionally, Sabadell announced a new strategic plan to deliver €6.3 billion in value, which could be seen as a competitive threat to BBVA.
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