BBVA
Yorkshire and Leeds building societies weigh bids for Atom Bank report
Article Summary
HOLD- Banco Bilbao Vizcaya Argentaria S.A. (ADR) (NYSE: BBVA) is reportedly being approached by Yorkshire Building Society and Leeds Building Society about acquiring Atom Bank, according to reports citing sources.
- The digital lender, whose shareholders include BBVA of Spain and Toscafund, has hired Jefferies to oversee a sale, with owners seeking a valuation of more than £600m for Atom, which serves about 250,000 customers.
- The interest from the two mutual lenders reflects wider pattern in which UK building societies have pursued deals to increase scale, strengthen position against larger banks, and widen range of services offered to customers.
- Recent transactions in the sector include Nationwide's £2.9bn acquisition of Virgin Money in 2024 and Coventry Building Society's acquisition of Co-operative Bank for £780m last year, while Yorkshire reported pre-tax profit of £377.9mn last year and loan book rose to £10bn.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -10.1% | 25% | 0.0 ptsDeclining (-10.1%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 11.3% | 25% | 35.0 ptsBelow Screener (11.3%) - Modest outlook |
| Target Price Upside ? | 11.2% | 20% | 50.0 ptsMeets Minimum (11.2%) - Target: $25.40 vs Current: $22.84 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -12.8% | 15% | 40.0 ptsMild Pullback (-12.8%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About BBVA
- Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.
- The company offers traditional retail, wholesale, investment, and transaction banking.
- It also engages in financial, insurance, asset management, and capital markets businesses, as well as digital banking.
- The company was formerly known as Banco Bilbao Vizcaya, S.A. and changed its name to Banco Bilbao Vizcaya Argentaria, S.A. in January 2000.
- Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 and is headquartered in Bilbao, Spain.