BIRMINGHAM, Ala., Nov. 12, 2010 /PRNewswire via COMTEX/ -- BBVA Compass today announced that it will hold a teleconference and webcast to discuss economic results from its recently completed fourth quarter U.S. Regional Outlook at 11:00 a.m. Central Time on Monday, November 15, 2010. Hosted in conjunction with the Eller College of Management at The University of Arizona, the presentation will discuss economic data and analysis from the BBVA Compass U.S. Regional Outlook, a quarterly publication that offers a detailed look at key issues that impact the U.S. economy and the economies of the Sunbelt Region.
"In our current environment of slow growth, excess capacity in both the goods and labor markets will remain elevated, thereby keeping a lid on price pressures," said Nathaniel Karp, BBVA Compass U.S. chief economist. "While risks are tilted to the downside, unprecedented fiscal stimulus, stabilization in the housing market, improvement in financing conditions and solid sales abroad will help the economy to avoid a double-dip recession." The fourth quarter U.S. Regional Outlook also provides timely information on a number of subjects including: Global Outlook U.S. Economic Outlook Regional Economic Outlook - Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas Regional data confirming expectations of a slow road to recovery High state budget deficits require immediate action Opportunities to establish and expand small businesses add dynamism to the economy California's agricultural production harnesses advanced technology and reaps benefits from global trade Forecasts (various economic data) In addition, this quarter's publication includes an article titled "Arizona Border Counties: Impact of Mexican Immigrants and Visitors" written by Vera Pavlakovich-Kochi, Ph.D., Eller College of Management, The University of Arizona, and an article titled "Colorado Economy: Lagging the Nation" provided by the Leeds School of Business, University of Colorado at Boulder.
BBVA Compass' fourth quarter U.S. Regional Outlook teleconference and webcast will take place from the campus of The University of Arizona. The presentation will be conducted by Jason Frederick, BBVA Compass senior economist with supporting commentary from Marshall J. Vest, College of Management, The University of Arizona.
Interested parties may access the call via either the Internet or telephone.
Internet access to the call and to the supporting slide presentation will be available through BBVA Compass' website at www.bbvacompass.com. Click on the link labeled U.S. Regional Outlook to access the webcast and slide presentation.
For telephone access, dial 877-833-0673 (domestic) or 706-758-5063 (international), conference ID 23313800. Telephone participants are requested to dial in 10 minutes prior to the start of the call to allow time for all participants to log in.
A live question and answer session will follow the presentation. Questions can also be submitted by e-mail to firstname.lastname@example.org. A replay of the teleconference will be available through BBVA Compass' website and by telephone at 800-642-1687 or 706-645-9291 (conference ID 23313800) until midnight on November 29, 2010.
ABOUT BBVA COMPASS BBVA Compass is a Sunbelt-based financial institution that operates more than 717 branches including 382 in Texas, 92 in Alabama, 65 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 20 in New Mexico. BBVA Compass is the 15th largest U.S. commercial bank based on deposit market share and ranks among the largest banks in Texas (4th), Alabama (3rd) and Arizona (5th). For the second consecutive year, BBVA Compass was named as a "Lender of the Year" by the Small Business Administration (SBA). Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $760 billion in total assets, 48 million clients, 7,400 branches and approximately 105,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 21st in Global Finance magazine's list of the "World's 50 Safest Banks" for 2010. BBVA provides its customers around the world with a full range of financial services, including commercial and wholesale banking, retail banking services, consumer loans, mortgages, credit cards, securities brokerage, wealth management, pension plan management and insurance. The BBVA Group maintains a leadership position in Spain, Mexico, Latin America and the Sunbelt Region of the United States as well as operations in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, and the United Kingdom.
Editor's note: BBVA Compass is the brand name of Compass Bank and is a trademark of Compass Bancshares, Inc.
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