Read more
12:38 PM · 16 November 2020

BBVA shares rise 15% following acquisition news

BBVA
Stocks
BBVA.ES, Banco Bilbao Vizcaya Argentaria SA
-
-

Spanish financial group BBVA (BBVA.ES) stock surged over 15% after the company announced that will sell its US business, BBVA USA Bancshares, to PNC Financial Services Group (PNC.US) for $11.6 billion. That's nearly half of the bank's market capitalization as of Friday's close and  is one of the largest bank tie-ups since the financial crisis. In a statement, PNC said the acquisition will significantly accelerate its national expansion strategy and create nation's 5th largest bank by asset size. The deal has been approved by both companies' boards of directors, and is expected to close in mid-2021.

BBVA (BBVA .ES) stock launched today’s session sharply higher compared to Friday’s close. However buyers failed to uphold momentum and price pulled back to the major support at € 3.64. In case of a break below the aforementioned support, downward move towards €3.25 may accelerate. On the other hand, bouncing off the support may trigger another upward impulse towards resistance at €4.15.Source: xStation5

5 January 2026, 1:58 PM

TSMC Shares Are Soaring. Here’s Why the Markets Have Gone Crazy for the Company!

5 January 2026, 12:09 PM

The coup in Venezuela boosts Europe and local defense stocks⚔️

2 January 2026, 6:50 PM

Daily Summary: Massive Gains in U.S. Indices Completely Wiped Out

2 January 2026, 5:01 PM

TSMC launches 2 nm, shares rise 📈

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits