Adcap House View - Finanzas y Mercados
February 17, 2025 at 05:53 PM
*BBVA Argentina (BBAR): 4Q24 Earnings Preview*
Link to report: https://tinyurl.com/02172025AdcapBBAR4Q24Preview
*BBVA Argentina is currently trading at 2.0x P/B and 12.9x P/E, is fairly valued compared to peers. The bank is expected to report moderate 4Q24 results with annual ROE at low-teens*, exceeding loan and deposit growth guidance, and with market share gains. In 2025, it plans to maintain ROE with above-market growth in deposits and loans, focusing on SME credit and digital clients. Despite lower interest rates, BBVA remains well-positioned with moderate dividends expected as it prioritizes loan growth.
To continue reading, please find this report attached. If you have any questions, please let us know.