The strength of Spain’s economy is a tailwind for BBVA, the country’s second-largest bank by assets, and makes its bid for local peer Banco de Sabadell look smart. BBVA reported net profit of €2.8 billion, or about $3 billion for the second quarter, up 38% from a year earlier. CaixaBank also reported better-than-expected earnings today, as did Sabadell last week.