1:38 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

10 October 2025, 9:52 AM

DAX: DE40 tries to hold the momentum 📈Brenntag and ArcelorMittal under pressure

9 October 2025, 4:13 PM

Delta Airlines stock lifts off after earnings✈️

9 October 2025, 3:34 PM

Stock of the Week - Super Micro Computer (09.10.2025)

9 October 2025, 3:00 PM

US OPEN: Pepsico and Delta reporting, S&P500 hanging on the top ↔️

Join over 1 700 000 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