Banco Bilbao Vizcaya Argentaria SA
Change company Symbol lookup
Select an option...
BBVA Banco Bilbao Vizcaya Argentaria SA
RILY B Riley Financial Inc
WTS Watts Water Technologies Inc
MMM 3M Co
ADTH AdTheorent Holding Company Inc
GAZ iPath? Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN
SNAP Snap Inc
FNB FNB Corp
CNFR Conifer Holdings Inc
TEO Telecom Argentina SA
Go

Financials : Banks | Large Cap Value
Based in Spain
Company profile

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$7.40
Day's Change
0.02 (0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.49
Day's Low
7.37
Volume
(Heavy Day)
Volume:
1,828,905

10-day average volume:
1,291,719
1,828,905

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Palantir To Contact Him Directly To Discuss Their Options

8:27 am ET November 13, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / November 13, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Palantir Technologies Inc. ("Palantir" or the "Company") (NYSE:PLTR) and reminds investors of the November 14, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $100,000 investing in Palantir stock or options between September 30, 2020 to August 5, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/PLTR.

Picture 1

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Palantir's investments in marketable securities were having a significant negative impact on the Company's earnings per share ("EPS") results; (2) Palantir overstated the sustainability of its government segment's growth and revenues; (3) Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers, despite ongoing global conflicts and market disruptions; (4) as a result of all the foregoing, the Company was likely to miss consensus estimates for its first quarter 2022 ("Q1") EPS and second quarter 2022 ("Q2") sales outlook; and (5) as a result, the Company's public statements were materially false and misleading at all relevant times.

Palantir is a software and data analytics company. Despite years of resisting a public offering, in July 2020 Palantir announced that it had made a confidential submission of a draft registration statement with the U.S. Securities and Exchange Commission for a public offering via a direct listing. And to secure a high valuation in connection with the Offering, Palantir needed to demonstrate to investors that Palantir was poised to eventually turn a profit by sustaining its recent revenue growth and improving its operating efficiencies.

But as the Palantir class action lawsuit alleges, unbeknownst to investors, at the time of the Offering, Palantir's robust growth in government revenue and deal value had been temporarily inflated by short-term contracts that Palantir had entered into in connection with government responses to the COVID-19 pandemic. The Palantir class action lawsuit further alleges that following the Offering, to create the appearance of continued robust client and revenue growth in the face of waning government support, Palantir launched a highly unorthodox investment program in which Palantir invested in early-stage companies in exchange for these companies agreeing to enter into contracts for Palantir's products and services (the "SPAC Investment Strategy").

But beginning in November 2021, through a series of partial disclosures, Palantir revealed an abrupt slowdown in both its government and commercial operating segments. Rather than experiencing accelerating growth, Palantir has ultimately revealed sequential declines in its government revenue, government deal value, and total deal value. Similarly, Palantir's commercial business has stalled, and Palantir was forced to abandon its SPAC Investment Strategy and effectively pull its five-year revenue guidance just a year-and-a-half after first announcing it.

As a result, the price of Palantir stock collapsed more than 80% below the Class Period high to less than $8 per share, causing investors to suffer significant losses and economic damages under the federal securities laws.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Palantir conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP





View source version on accesswire.com:

https://www.accesswire.com/725337/Securities-Litigation-Partner-James-Josh-Wilson-Encourages-Investors-Who-Suffered-Losses-Exceeding-100000-In-Palantir-To-Contact-Him-Directly-To-Discuss-Their-Options



comtex tracking

COMTEX_418771771/2457/2022-11-13T08:27:00

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.