BBVA gets green light from Mexico for Sabadell unit deal

BBVA has received approval from Mexico's competition authority for indirect control of Sabadell's Mexican stakes, marking progress in its hostile takeover bid for the bank.

Spain stocks higher at close of trade; IBEX 35 up 1.63%

Spain's stock market closed higher, with the IBEX 35 reaching a 5-year high, led by financial stocks, while gold and crude prices experienced slight declines.

Spain stocks higher at close of trade; IBEX 35 up 0.34%

Earnings call: Banco Sabadell reports robust growth and profitability in Q3

Banco Sabadell reports €1.3 billion net profit for Q3 2024, strong mortgage growth, focus on profitability, and plans for €2.9 billion shareholder returns through 2025.

Spain stocks higher at close of trade; IBEX 35 up 1.32%

Spain's stock market rose, led by gains in finance and real estate. The IBEX 35 increased 1.32%, with Fluidra hitting a 52-week high.

Sabadell's Q3 net profit rises 8% from same period in 2023

Sabadell's Q3 net profit rose by 8% to €503 million amid lower provisions and stable lending while facing a takeover bid from BBVA.

Spain stocks higher at close of trade; IBEX 35 up 0.28%

Spain's IBEX 35 rose 0.28% as financial and consumer sectors performed well, while gold dropped and oil prices increased. EUR/USD declined and US Dollar Index rose.

Sabadell CEO says 2024 full-year profit could top 1.6 billion euros

Sabadell's CEO forecasts 2024 profits above €1.6 billion amid BBVA's hostile takeover bid, which has now been adjusted based on interim dividends and fluctuating share prices.