BBVA (BME:BBVA) Stock Rallies Behind Loan Growth And Fresh Buybacks

BBVA stock rallied after Q2 2026 results showed strong net income of €3.062 billion, robust loan growth of about 18% year-on-year in constant currency, and a healthy CET1 ratio of 12.90%. The bank is also launching an additional €2 billion buyback after completing a €4 billion one, signaling strong capital management and shareholder returns. While profitability is high, the bear case focuses on potential future risks from digital competition, emerging market volatility, and rising regulatory costs.