Banco Bilbao Vizcaya Argentaria (BME:BBVA) Following Strong Q2 And Buyback Faces A Pricey Fair Value View

Banco Bilbao Vizcaya Argentaria (BBVA) reported strong Q2 2026 net income and announced a €2 billion share buyback, leading to a 10.25% 1-month share price return. Despite a narrative fair value of €21.95 suggesting the stock is overvalued by 10.3% compared to its current price of €24.20, Simply Wall St's DCF model indicates it might be undervalued by 34.9% at €37.17. The article highlights the conflicting valuations and potential risks associated with BBVA's reliance on emerging markets.