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BBVA BBVA Bilbao Vizcaya Argentaria SA

10.72
-0.20 (-1.83%)
Pre Market
Last Updated: 09:12:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
BBVA Bilbao Vizcaya Argentaria SA NYSE:BBVA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -1.83% 10.72 1,041 09:12:11

BBVA ADRs Trading Higher After News of PNC Deal and Sabadell Merger Talks

16/11/2020 6:25pm

Dow Jones News


BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more BBVA Bilbao Vizcaya Arge... Charts.
   By Stephen Nakrosis 
 

The American depository receipts of Banco Bilbao Vizcaya Argentaria SA are trading higher on the New York Stock Exchange Monday, following news that it will sell its U.S. subsidiary to PNC Financial Services Group Inc.

PNC said it will acquire BBVA USA Bancshares Inc. in a deal valued at $11.6 billion.

Also on Monday, BBVA and Banco de Sabadell SA said they are discussing a possible merger, and have started a due diligence process and appointed external advisers, as reported by The Wall Street Journal.

At 12:39 p.m. EST, BBVA's ADRs were trading 11.5% higher at $4.17. Volume at the time topped 12.3 million shares, above the 65-day average volume of some 3.6 million shares.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 16, 2020 13:10 ET (18:10 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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