BBVA reaches 100,000 million euros in stock market value
BBVA has managed to conquer a stock market value of 100,051 million euros towards the mid-session of this Wednesdaythus becoming the second Spanish bank to achieve this milestone, after Santander crossed that threshold a few months ago.
The bank led by Carlos Torres had approached the twelve-figure mark on October 20, when it reached 99,676 million euros. However, it fell slightly in the following days and it has not been until now that it has picked up again.
Since The takeover bid for Banco Sabadell failed BBVA’s stock has advanced nearly 10.5%, which has allowed the entity to enter that stock market value club.
Santander was trading at around 132,822 million euros towards mid-session this Wednesday. With this data, Both Spanish banks are the two banking entities in the euro zone with the highest value on the stock market.
In the United Kingdom, HSBC is aheadwhich is worth 182.3 billion pounds (207.1 billion euros). Furthermore, between Santander and BBVA is UBS (Switzerland is not part of the euro or the EU), with a value of 102.6 billion Swiss francs (110.6 billion euros).
Behind these banks are the two main entities in Italy: Unicredit, with 99.2 billion stock market valueand Intesa, with 98.8 billion.
In any case, The sum of all these banks falls below the largest bank in the world by valuation of its shares, which is JPMorgan Chase. The Wall Street giant was listed at the close of Tuesday with a value of 840,000 million dollars (721,700 million euros).
