What does 36.26% completion of the first tranche mean?

BBVA has repurchased 26.62 million shares for about €543.8 million, completing 36.26% of the €1.5 billion first tranche. This reduces the share count, which can lift earnings per share and support the stock price. It also sets a reference zone near €20.4 where buying has been active.

How can the BBVA share buyback affect returns?

Fewer shares mean each remaining share claims a larger slice of earnings. If profits hold or improve, EPS rises and valuation can look more attractive. Combined with a 3.14% dividend yield, the total return may improve. Execution price and future profits still drive the final outcome.

Is BBVA fairly valued right now?

It trades around 11.8x TTM earnings and 2.13x price to book. AlphaValue/Divacons has a Reduce rating with a €20.4 target, suggesting limited upside near that level. If results beat and buybacks continue, upside could extend. If results miss, the share may track back toward support zones.

What should German investors watch next?

Track the remaining €956.2 million in the first tranche, the next buyback report, and results on 5 February 2026. Watch net interest income, costs, and capital. If the company confirms steady buyback pace and solid earnings, entries near or below €20.4 could be attractive for medium-term holders.

Global Market Insights

BBVA.MC Stock Today: January 27 Buyback Tranche 36% Completed

ByDanny Kontos January 27, 2026

The BBVA share buyback is moving fast. BBVA.MC has executed 36.26% of the €1.5 billion first tranche, repurchasing 26.62 million shares for about €543.8 million at an average €20.41. For investors in Germany, this buyback program can support earnings per share and the share price near term. Yet AlphaValue/Divacons keeps a Reduce rating with a €20.4 target, signaling limited upside around that level. We explain what this means for bbva stock today, how to read the signals, and what to watch next.