bbva building

Third-quarter beat dominated by BBVA’s higher provision and cost

Spanish BBVA (BBVA.MC), which has higher loan-loss provisions than expected, and a rise of costs in emerging markets overshadowed its third-quarter earnings that were lower than expected, sending shares down on Friday. Mexico was the country’s main market and Mexico’s second-largest lender posted a 31% increase in quarterly net profit to 1.84 Billion Euros ($1.83 …

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