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BBVA shares are trading higher after the company reported better-than-expected Q2 financial results.
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BBVA Q2 EPS $0.62 Beats $0.61 Estimate, Sales $12.214B Beat $11.940B Estimate
BBVA (NYSE:BBVA) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.61 by 1.64 percent. This is a 19.23 percent increase over earnings of $0.52 per share from the same period
Shares of banks and financial services companies are trading lower amid rising bond yields and the risk of a Fed rate hike today, which would curtail global lending and potentially weaken the value of corporate loan books.