BBVA shares are trading higher after the company reported better-than-expected Q2 financial results.

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.

Shares of several banks are trading lower as surging oil prices and Treasury yields weigh on sentiment, with the 10-year U.S. Treasury yield climbing to its highest level since January 2025. Rising yields and energy prices have fueled inflation concerns, reinforcing expectations that interest rates will remain elevated and raising concerns about slower loan demand and economic growth.