US Stocks Move: Banco Bilbao Vizcaya Argentaria up 4.3% pre-market as Q2 results beat expectations and buyback acts as catalyst

Golden Ten Data July 30｜Shares of Spain’s second-largest bank rose 4.3% in pre-market trading on a certain exchange. According to reports, the bank’s net profit for the second quarter was €3.06 billion, up 11.4% year-on-year and exceeding market expectations of €2.95–€2.96 billion. Net interest income reached €7.63 billion, up 22.9% year-on-year, also beating forecasts. The company revised its full-year Return on Tangible Equity (ROTE) guidance from “above 20%” to “around 21%”, with the ROTE for the first half already hitting 22.2%. Additionally, the exchange announced the launch of a share buyback program of up to €2 billion, with the first €1 billion tranche set to begin on August 5.