Banco Bilbao Vizcaya Argentaria stock falls as BBVA plans early bond redemption

Banco Bilbao Vizcaya Argentaria stock (ISIN ES0113211835) closed at EUR 24.66 on the Spanish BME exchange on September 18, 2026, a decline of 1.91 percent from the prior session as of the market close reported that day. According to data shown in a recent price overview, this level leaves the shares about 2.95 percent below their start-of-year level but still roughly 22.99 percent above the level seen 12 months earlier, highlighting a mixed short-term move against a solid longer-term performance.

BBVA moves to redeem EUR 540 million in bonds early

As MarketScreener reported on September 20, 2026, BBVA plans the early redemption of a covered bond issue with a nominal value of EUR 540 million, a step that reduces its outstanding territorial covered bonds and can help optimize funding costs and regulatory capital. The same overview notes that the last closing price for Banco Bilbao Vizcaya Argentaria stock on BME was EUR 24.66 on September 18, 2026, with a daily loss of 1.91 percent, suggesting that investors initially reacted cautiously to the move even though it strengthens the balance sheet structure.

According to Zonebourse, the average analyst recommendation on Banco Bilbao Vizcaya Argentaria remains at Hold, with an average price target of EUR 23.24 per share. With the shares at EUR 24.66 on September 18, 2026, this implies that the stock trades about 5.76 percent above the consensus target, underlining that the market prices in a somewhat more optimistic scenario than analysts currently forecast.

Credit growth supports fundamentals in 2026

Beyond the funding and capital measures, BBVA’s operating trends in 2026 show notable growth in corporate lending. As Bolsamania reported on September 16, 2026, BBVA increased its credit portfolio to companies, including the public sector, by 13.3 percent in the first half of 2026 compared with the end of December 2025, to a level exceeding EUR 300 billion. The same report states that loans to companies now represent more than 10 percent of BBVA’s total credit portfolio, underscoring that the corporate segment has become one of the bank’s strategic priorities.

This double-digit expansion in corporate lending in the first half of 2026 provides an important counterweight to short-term share-price volatility, especially when compared with the consensus view that the stock should trade at EUR 23.24 per share. With the market valuation running about 5.76 percent above that target as of September 18, 2026, investors appear to reward BBVA’s ability to grow business volumes, even while analysts remain cautious and keep the average rating at Hold.

Technical levels and medium-term performance

From a technical perspective, BBVA shares are approaching levels that local analysts see as potentially unlocking further upside. According to a technical analysis comment by Bolsamania dated September 20, 2026, a closing price above EUR 25.49 would place Banco Bilbao Vizcaya Argentaria stock in a state of free rise, clearing the path for a potential extension of gains toward EUR 27.50. With the latest closing at EUR 24.66, the stock trades about 3.3 percent below this EUR 25.49 threshold, illustrating that it is relatively close to a level that some chart watchers consider key for the next leg higher.

At the same time, the price context presented in the recent overviews indicates that BBVA shares are up approximately 22.99 percent over the last twelve months but down 2.95 percent since the beginning of 2026 as of September 18, 2026. This combination means that medium-term investors have seen solid gains, while year-to-date performance has been slightly negative, reflecting both the normalization after strong prior-year advances and the impact of interest-rate and regulatory uncertainties facing European banks.

Stock price and market data

Banco Bilbao Vizcaya Argentaria stock last closed at EUR 24.66 on the Spanish BME exchange on September 18, 2026, with a daily decline of 1.91 percent versus the previous close. The same data snapshots show that this price sits about 5.76 percent above the average analyst target of EUR 23.24, and roughly 22.99 percent above its level twelve months earlier, summarizing a picture of a bank share that is near the upper end of analysts’ valuation range but still supported by robust credit growth and balance-sheet management.

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