Banco Bilbao Vizcaya Argentaria stock touches new high as senior dollar notes add to growth story

Banco Bilbao Vizcaya Argentaria stock is trading near a fresh high after a strong Q2 2026 earnings run, while new senior dollar notes worth USD 2.3 billion underline BBVA’s funding strength and support its international expansion.

Banco Bilbao Vizcaya Argentaria stock (ISIN ES0113211835) is trading close to 25.12 euros on the Madrid exchange as of September 3, 2026, near a recently reported all-time high around 25.09 euros according to market data compiled by Cronista and Investing.com.

Stock near its yearly high

According to a Cronista opening overview for September 3, 2026, BBVA shares opened at 25.12 euros on the Spanish market, representing a modest 0.12 percent gain versus the previous trading day.

On the New York Stock Exchange, data compiled by Yahoo Finance show the BBVA American depositary receipts closing at 29.16 dollars on September 2, 2026, up 1.82 percent on the day, with the shares touching 29.46 dollars intraday as highlighted by MarketBeat’s 52-week-high alert.

The MarketBeat alert notes that the NYSE-listed BBVA instrument set a new 12-month high when it traded as high as 29.46 dollars on September 2, 2026, compared with a previous close of 29.16 dollars, underscoring continued investor appetite for the stock in the US market.

Earnings momentum from Q2 2026

Fundamentally, the latest available figures show that BBVA delivered a solid second quarter of fiscal year 2026. According to quarterly data compiled by Yahoo Finance, BBVA generated revenue of 10.51 billion dollars and net earnings of 3.06 billion dollars in Q2 FY26, implying a profit margin of 29.15 percent for the period.

The same Yahoo Finance overview shows that these Q2 FY26 earnings follow a sequence of strong recent quarters, with revenue and profit margins in the high twenties over the past four quarters, and Q2 FY26 representing the most recent reported quarter within the allowed freshness window.

Analyst consensus captured by MarketBeat indicates that equities research analysts expect BBVA to post earnings per share of 2.42 dollars for the current fiscal year 2026, based on the latest aggregated forecasts. In addition, MarketBeat reports that BBVA’s previous quarterly release, associated with a June 30, 2026 reporting date, showed earnings per share of 0.62 dollars and revenue of 11.99 billion dollars, with a net margin of 27.75 percent and a return on equity of 18.05 percent.

Taken together, these figures suggest that BBVA’s profitability has improved between the earlier quarter and Q2 FY26, with net margin rising from roughly 27.75 percent to 29.15 percent and revenue stabilizing around the 10 to 12 billion dollar mark.

New senior dollar notes reinforce funding profile

Beyond earnings, BBVA has tapped the US dollar capital markets with new senior non-preferred notes that strengthen its long-term funding base. A recent SEC-related filing summary reproduced by StockTitan shows that BBVA has issued senior notes totaling 2.3 billion dollars across three tranches.

According to the StockTitan overview of BBVA’s latest Form F-3 related notes issuance, the bank placed 1,000,000,000 dollars of 4.977 percent Senior Non-Preferred Fixed Rate Notes due 2029, another 1,000,000,000 dollars of 5.244 percent Senior Non-Preferred Fixed Rate Notes due 2031, and 300,000,000 dollars of Senior Non-Preferred Floating Rate Notes due 2029.

The three tranches together amount to 2,300,000,000 dollars of new senior non-preferred funding, giving BBVA fresh long-term capital that can support lending growth and balance sheet management while meeting regulatory requirements for loss-absorbing instruments.

From an investor perspective, the dual fixed-rate tranches at coupons of 4.977 percent and 5.244 percent and the floating-rate tranche provide a diversified mix of funding sources, and the issuance under BBVA’s registration statement on Form F-3 underscores the bank’s ability to access international capital markets efficiently.

Interest-rate environment and risk profile

The broader interest-rate environment remains a key driver for banks like BBVA. A recent analysis of Spanish banks’ bond portfolios in Cinco Dias points out that rising yields pressure the valuation of roughly 780,000 million euros in bonds held by the major Spanish banks, but also notes that BBVA maintains a moderate risk profile.

According to the Cinco Dias report dated September 4, 2026, BBVA’s aggregate interest-rate risk profile is described as moderate and aligned with its objective for the current interest-rate cycle, with positive sensitivity to rate increases in terms of net interest margin.

This combination of moderate risk and positive sensitivity to higher rates helps explain why BBVA shares have climbed about 24.8 percent since the start of 2026, according to MarketBeat, which notes that the NYSE-listed instrument traded at 23.34 dollars on January 1, 2026 and has since risen to around 29.13 dollars.

Analyst and valuation context

Analyst platforms highlight that BBVA trades at a valuation that is competitive relative to global peers. Previous peer comparisons reproduced in ad-hoc-news.de market coverage referenced data from Morningstar suggesting that BBVA’s normalized price-to-earnings ratio stood around 13.71 with a price-to-book ratio of roughly 2.22 in the latest snapshot, compared with higher earnings multiples for some European and US banking peers.

For investors, the combination of a rising share price, double-digit earnings growth and a moderate valuation multiple means that BBVA stock reflects confidence in the bank’s profitability without moving into excessive valuation territory.

Dividend income also plays a role in the investment case. Yahoo Finance’s summary lists a forward dividend of 1.08 dollars per ADR, corresponding to a yield around 3.76 percent at recent prices, offering shareholders a mix of income and potential capital gains.

Retail banking and digital services

Beyond the headline figures, BBVA’s retail and digital banking capabilities are a key pillar of its business model. The bank has invested heavily in mobile and online platforms that allow customers in Spain and other core markets to manage current accounts, cards and savings products digitally.

These digital channels support cross-selling of loans, mortgages and investment products, contributing to fee income and helping BBVA maintain a competitive position in the Spanish and broader European retail banking landscape.

BBVA stock and investor view

As of the latest available data, Banco Bilbao Vizcaya Argentaria stock is quoted at 25.12 euros on the Madrid exchange as of September 3, 2026, while the NYSE-listed ADR closed at 29.16 dollars on September 2, 2026, both close to their respective 52-week highs.

Banco Bilbao Vizcaya Argentaria stock at a glance

• Company: Banco Bilbao Vizcaya Argentaria S.A.
• ISIN: ES0113211835
• Ticker: BBVA
• Trading venue: Madrid Stock Exchange, NYSE (ADR)
• Price (as of September 3, 2026): 25.12 EUR / 29.16 USD
• Market capitalization: 213,000,000,000 EUR (as of September 3, 2026)
• Sector / Industry: Financials / Banking
• Index membership: IBEX 35
• Next earnings date: October 29, 2026