BBVA Banco Frances S.A. (ADR) (NYSE:BFR)
August 11th, 2018
Amidst falling markets BBVA Banco Frances S.A. (ADR) finished Monday’s trading session down 10.89%, a $1.33 decrease to close on $10.88. As well as the drop in value, BBVA Banco Frances S.A. (ADR) hit a new 52 week low of $10.53. Despite the drop in value, trading volumes were solid at 394% of normal which can indicate investor opportunities.
BFR was outperformed by the rest of the Financials sector which went down only 1.16%.
Analysis results from 8 analysts points to the possibility that BBVA Banco Frances S.A. (ADR) might increase significantly (62%), while Finbox has calculated (with high uncertainty) a fair value price of $16.09.
BBVA Banco Frances S.A. (ADR) Info
BBVA Banco Francés S.A., together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits. It also provides personal and auto loans, and mortgages; loans to the public sector and local financial institutions, and short-term loans to companies, as well as overdraft lines of credit, discounted instruments, real estate mortgage loans, collateral loans, consumer loans, credit card loans, pre-financing and export financing, and short-term placements in foreign banks. In addition, the company offers fire, mixed family and comprehensive, civil liability, theft, personal accidents, umbrella life, debtor balances, funeral services, and other insurance coverage products; investment fund and pension fund management services; and stock exchange brokerage services. Further, it provides financing for the acquisition of new and second-hand Peugeot and Citroën vehicles through pledge loans, receivables from financial leases, and other financial products and in supplying services associated to the purchase, maintenance, and insurance coverage of motor vehicles; and secured loans for the purchase of VW, Audi, and Ducati new or second hand vehicles, credit through operating leases, and other financial products and services, as well as engages in security trading, investment banking, and other authorized operations. As of December 31, 2017, it operated a network of 251 retail branches, 15 in-company branches, 1 points of sale, and 2 point of express support, 797 ATMs, 822 self-service terminals, a telephone banking, and Internet banking services. The company was formerly known as Banco Francés S.A. and changed its name to BBVA Banco Francés S.A. in October 2000. The company was founded in 1886 and is headquartered in Buenos Aires, the Republic of Argentina.
All amounts in USD unless otherwise indicated
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