BBVA's share price tripled since late 2020, narrowing the valuation gap with Santander.

BBVA's share price tripled since late 2020, narrowing the valuation gap with Santander, Spain's largest bank. Investors are favoring banks sharing more profits over those prioritizing future growth investments. BBVA's Mexico subsidiary, with a 1/4 retail market share, has contributed to its success, while Santander faces challenges due to falling Brazil profitability and mixed market performances.

March 25, 2024
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