10 Most Profitable European Stocks To Invest In

6. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Upside Potential: 26.92%

5-Year Net Income CAGR: 15.33%

TTM Net Income: $9.29 Billion 

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a Spanish bank that is engaged in retail banking, wholesale banking, asset management, and private banking. The company has operations in the United Kingdom, the United States, Turkey, South America, and the rest of Eurasia.

In the third quarter of 2024, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) yet again delivered strong results after a record Q2. In Q3, the company posted a net attributable profit of $2.63 billion, up by 26% year-over-year. The company continues to improve its metrics and has reached a record 20.1% in return on tangible equity in Q3. Spain and Mexico, two of the company’s major markets, are key to BBVA’s growth. The long-term profitability shows BBVA’s growth across different markets, especially Spain and Mexico.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is optimistic to grow its loan book profitably and scale its operations considering the rise in consumer loans. The company’s major segments include consumers, cards, and Small and medium-sized enterprises (SMEs). As of September 2024, the company provided new loans to over 520,000 SMEs and 70,000 large corporations had access to BBVA’s financing. In addition to that, almost 115,000 families acquired homes via bank financing. The company has also allotted €16 billion to finance inclusive growth projects including the construction of hospitals or social housing.