Latest news with #BancoBilbao
Yahoo
06-07-2025
- Business
- Yahoo
It's Déjà Vu for Option Traders as Markets Calm Into Tariffs Day
(Bloomberg) -- In the days leading up to President Donald Trump's July 9 tariffs deadline, equity investors having flashbacks of Liberation Day showed little concern. Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.' Massachusetts to Follow NYC in Making Landlords Pay Broker Fees NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing The MSCI All-Country World Index reached a peak last week, while gauges of volatility expectations from the US to Europe and Hong Kong have more than halved from their highs in April. Meanwhile, hedge funds' net buying of US financial shares climbed to the highest levels in nearly a decade, data compiled by Goldman Sachs Group Inc.'s prime brokerage showed. Rather than covering shorts as they did in recent months, large speculators appeared to be chasing the rally, Michalis Onisiforou, a strategist at Banco Bilbao Vizcaya Argentaria SA, wrote in a note last week. 'Lingering pessimism has left a lot of market participants in the dust,' Onisiforou said. Also read: Trump Tariff Date Arrives After 90-Day Rollercoaster Since Trump's Liberation Day sent markets for a tailspin in April, stocks have weathered events including the conflict in the Middle East and continued tariffs uncertainty, making investors more confident in their ability to recover fast. A recent tech rally and stronger-than-forecast US employment growth pushed the S&P 500 Index to a fresh peak on Thursday, while shares in Asia and Europe Friday held on, even after Trump said his administration would start notifying countries of tariffs up to 70%. Several strategists noted last week that the options market was complacent. Benedicte Lowe of BNP Paribas Markets 360 said in a message that traders were pricing in a move of little more than 1% for the Euro Stoxx 50 Index on the July 9 tariff deadline and that long gamma trades — when investors buy short-dated contracts while actively adjusting their underlying position to profit from market swings — have become more attractive following a steepening of the volatility curve. Back in April, similar gamma trades led to big profits following Liberation Day as implied and realized volatility surged. Bank of America Corp. strategists, who recommended at the time to own 'cheap gamma' on Germany's DAX Index, favor the same positioning on the Euro Stoxx 50 now. Separately, Lowe noted her firm's derivatives-strategy team doesn't expect similar results the second time around. Also read: Options Traders Wrestle With Stocks' Muted Reaction to War Risk While some suggest cross-market volatility strategies given the wild market swings with Trump's administration, trading in such spreads has dwindled in recent years due to a decline in the structured product flows that used to drive a big portion of the volume. With the tariffs narrative constantly changing, trying to navigate the impact on cross-market volatility has also become increasingly difficult. --With assistance from Bernard Goyder and Natalia Kniazhevich. For Brazil's Criminals, Coffee Beans Are the Target SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too Sperm Freezing Is a New Hot Market for Startups Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate China's Homegrown Jewelry Superstar ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Are Options Traders Betting on a Big Move in Banco Bilbao Stock?
Investors in Banco Bilbao Vizcaya Argentaria, S.A. BBVA need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $10.00 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Banco Bilbao shares, but what is the fundamental picture for the company? Currently, Banco Bilbao is a Zacks Rank #2 (Buy) in the Banks - Foreign industry that ranks in the Top 9% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 48 cents per share to 50 cents in that the way analysts feel about Banco Bilbao right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
Is Peakstone Realty Trust (PKST) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Peakstone Realty Trust (PKST) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. Peakstone Realty Trust is one of 857 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Peakstone Realty Trust is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for PKST's full-year earnings has moved 16.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the latest available data, PKST has gained about 20.6% so far this year. Meanwhile, stocks in the Finance group have gained about 7.2% on average. As we can see, Peakstone Realty Trust is performing better than its sector in the calendar year. Another stock in the Finance sector, Banco Bilbao (BBVA), has outperformed the sector so far this year. The stock's year-to-date return is 57.6%. Over the past three months, Banco Bilbao's consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Peakstone Realty Trust belongs to the REIT and Equity Trust - Other industry, which includes 96 individual stocks and currently sits at #142 in the Zacks Industry Rank. On average, stocks in this group have gained 4.8% this year, meaning that PKST is performing better in terms of year-to-date returns. Banco Bilbao, however, belongs to the Banks - Foreign industry. Currently, this 66-stock industry is ranked #16. The industry has moved +24.6% so far this year. Going forward, investors interested in Finance stocks should continue to pay close attention to Peakstone Realty Trust and Banco Bilbao as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Peakstone Realty Trust (PKST) : Free Stock Analysis Report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
09-06-2025
- Business
- Bloomberg
Banks Want Staff Back at the Office. There Aren't Enough Desks
By and Nicholas Comfort Save Five years after the Covid pandemic fueled an unprecedented boom in remote work, bank executives have become ever more vocal in their insistence that workers should return to the office. In a growing number of cases, however, they don't have enough desks. JPMorgan Chase & Co. has just signed up for thousands more in the UK and Paris. Spain's Banco Bilbao Vizcaya Argentaria SA is running short of office space in the UK for its growing corporate and investment banking teams. And HSBC Holdings Plc, which touted its plans to slash space in the aftermath of the pandemic, now has a shortage that could run to as many as 7,700 desks in London. To cope, its in talks to lease a second new building a stone's throw from its current base, having previously agreed to vacate Canary Wharf in favor of a new and smaller global headquarters in the City of London in 2023.
