BNP 2Q Net Beats Estimate, Fully Loaded CET1 Ratio 11.1%
Source: BFW (Bloomberg First Word)
Tickers
BNP FP (BNP Paribas SA)
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UUID: 7947283
(Bloomberg) -- BNP Paribas 2Q net income EU2.56b (+0.2% y/y) vs est. EU2.21b.
Alert: HALISTER- 2Q rev. EU11.3b (+2.2%) vs est. EU11b
- Rev. includes EU597m capital gain from Visa Europe sale
- 2Q operating units rev. -0.5% y/y (+0.7% at constant scope and exchange rates)
- Fully loaded CET1 ratio 11.1% end-June vs 11% end-March
- 2Q loan-loss provisions EU791m (-12% y/y)
- 2Q CIB rev. +1.4% y/y
- 2Q FICC rev. +17% on rates, FX, bond sales
- 2Q Equity and Prime Services business unit rev. -19%
- BNP “actively implementing” remediation plan demanded by U.S.
- PREVIEW here
- Related
- BNP is trading on 7.6x next year’s earnings vs 9x for the Stoxx 600 Banks index according to Bloomberg data
- Stock has risen 9.4% month-to-date vs 6.7% rise in Stoxx 600 Banks index; is down 17% YTD vs a 27% fall in SX7P index
Source: BFW (Bloomberg First Word)
Tickers
BNP FP (BNP Paribas SA)
To de-activate this alert, click here
UUID: 7947283