NYSE:BBVA 20 July 2025 - 9 June 2026

Madrid, October 17, 2025 – Banco Bilbao Vizcaya Argentaria stock jumped sharply on Friday after the Spanish banking giant’s hostile bid for Banco Sabadell fell through. BBVA shares rose about 5–7% in Madrid trading, closing near €16.8investing.comreuters.com, while Sabadell’s stock plunged over 6%reuters.com. The rally came as BBVA announced it would immediately restart share buybacks – buying back €1 billion of its own shares starting October 31 – now that the Sabadell deal is off the tablets2.tech. BBVA also declared its largest-ever interim dividend of €0.32 per share to be paid on November 7ts2.tech, effectively returning to shareholders the capital that had been earmarked for the scuttled acquisition. The failed takeover ends a high-profile 18-month saga in Spanish banking. BBVA’s €16.32 billion offer for Sabadell – which would have created one of Europe’s largest lenders – flopped due to lack of investor supportts2.techts2.tech. Only about 25.5% of Sabadell shareholders tendered into BBVA’s bid, far below the minimum 50% acceptance threshold that BBVA neededts2.techts2.tech. Sabadell’s board had signaled the offer was too low – it amounted to just a 1.6% premium over Sabadell’s market pricets2.tech – and major investors balked. The collapse of the deal was “a surprise to analysts and

BBVA’s stock has been on a volatile upswing, with investors closely tracking every development. As of October 16, BBVA shares trade around €15.72 on the Spanish exchange, roughly 0.4% lower on the dayinvesting.com. This slight dip followed a 1.3% drop on Oct. 15investing.com, which erased gains from earlier in the week. Even so, the stock remains near multi-year highs after a strong rally in recent months. The bank’s U.S.-listed ADR closed Oct. 16 at $19.48, leaping about 6.7% from the prior dayinvesting.com. That dramatic one-day jump in New York came as news broke of BBVA’s scuttled acquisition plan – a development traders cheered as removing uncertainty. Trading volumes have surged, reflecting heightened investor interest. On Oct. 16, nearly 9 million BBVA shares changed hands in Madrid – about double the typical daily volumeinvesting.com. In New York, over 6 million ADRs traded, many times the averageinvesting.com. Such volume spikes indicate active institutional trading and momentum investors piling in. Market watchers say the stock’s recent pullback may have presented a buying opportunity. Indeed, technical analysts note BBVA remains in a wide upward channel, and even with recent profit-taking, it’s in the lower band of that rising trend – historically a favorable entry