BBVA: Tactical Long to Own a Diversified Global Bank at a Reasonable Price
Banco Bilbao Vizcaya Argentaria (BBVA) offers a durable way to diversify a global banking sleeve. The stock trades at a reasonable P/E (11.7) and PB (1.84) with a $129.6B market cap, a 2.9% yield and exposure to higher-rate environments. Technicals are soft, which creates a tactical entry opportunity. Trade plan: enter at $22.73, stop $20.50, targe…