Diversification has paid off for BBVA (BBVA).
While Spain's economy continues to struggle, operations in Mexico, the
U.S., and South American countries like Chile, Peru, and Colombia have
continued to generate much-needed profits from their capital base.
Although there may be too much optimism about a pronounced near-term
turnaround in Spain, BBVA is nevertheless positioned to benefit from
consolidation, better consumer conditions, and long-term credit repair.
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Strong Operations In Mexico Buying Time For BBVA In Spain
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