BNP 1Q Net Rises on Lower Loan-Loss Provisions, Beats Estimate
Source: BFW (Bloomberg First Word)
Tickers
BNP FP (BNP Paribas SA)
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UUID: 7947283
(Bloomberg) -- BNP Paribas 1Q net income EU1.81b vs est. EU1.26b and EU1.65b year earlier,
Alert: HALISTER- Loan-loss provisions EU757m vs EU1.04b year earlier
- CIB pretax income EU403m vs EU885m year earlier
- Client business at Global Markets recovered at end-1Q
- 1Q FICC rev. down 13% excluding FVA vs year ago, Equity and Prime Services rev. down 41%
- BNP booked EU365m revenue gains from own debt in 1Q
- FL CET1 11% end-March vs 10.9% end-Dec.
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- Related
- BNP Paribas is trading on 7.6x next year’s earnings vs 9x for Stoxx 600 Banks index: Bloomberg data
- Stock is down 12% YTD vs a 17% fall in the SX7P index
Source: BFW (Bloomberg First Word)
Tickers
BNP FP (BNP Paribas SA)
To de-activate this alert, click here
UUID: 7947283