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    How BBVA’s New Share Buyback Plan At Banco Bilbao Vizcaya Argentaria (BME:BBVA) Has Changed Its Investment Story

    Simply Wall St·01/06/2026 16:18:02
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    • In recent days, BBVA announced a new share buyback program, signaling how it intends to deploy excess capital and refine its capital structure.
    • This move highlights management’s confidence in the bank’s financial position and raises questions about how capital returns may shape BBVA’s longer-term outlook.
    • We’ll now assess how BBVA’s latest share buyback plan could influence its investment narrative, particularly around capital efficiency and returns.

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    Banco Bilbao Vizcaya Argentaria Investment Narrative Recap

    To own BBVA, you need to believe in its ability to convert strong franchises in Spain and key emerging markets into resilient earnings, while managing macro and regulatory volatility. The new share buyback program tightens the focus on capital efficiency, but does not materially change the near term catalyst of capital returns or the key risk from BBVA’s exposure to politically and economically volatile markets such as Mexico and Turkey.

    Among recent announcements, the most relevant alongside the new buyback is BBVA’s ongoing capital management activity, including prior repurchases totaling 266,831,099 shares for €2,203m by late 2025. Together, these moves frame a clearer capital return story, but they sit against the backdrop of execution risk around growth initiatives and digital transformation, and the group’s sensitivity to interest rate trends in its core markets.

    However, investors should also weigh BBVA’s concentration in higher risk emerging markets, where sudden currency or policy shifts could...

    Read the full narrative on Banco Bilbao Vizcaya Argentaria (it's free!)

    Banco Bilbao Vizcaya Argentaria's narrative projects €39.4 billion revenue and €11.4 billion earnings by 2028. This requires 7.9% yearly revenue growth and about a €1.3 billion earnings increase from €10.1 billion today.

    Uncover how Banco Bilbao Vizcaya Argentaria's forecasts yield a €18.65 fair value, a 10% downside to its current price.

    Exploring Other Perspectives

    BME:BBVA 1-Year Stock Price Chart
    BME:BBVA 1-Year Stock Price Chart

    Ten fair value estimates from the Simply Wall St Community span roughly €11 to €28.84 per share, showing how far apart individual views can be. You are weighing that diversity against BBVA’s reliance on emerging markets, where political and currency shocks could quickly alter the earnings picture and make it even more important to consider several alternative viewpoints.

    Explore 10 other fair value estimates on Banco Bilbao Vizcaya Argentaria - why the stock might be worth as much as 40% more than the current price!

    Build Your Own Banco Bilbao Vizcaya Argentaria Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.