HALISTER: BNP Paribas 4Q Net EU1.44B; Est. EU1.63B

BNP Paribas 4Q Net EU1.44B; Est. EU1.63B

(Bloomberg) -- Co. targets more than 9% average annual growth in dividend per share until 2020.
  • French retail 4Q pretax profit EU177M, down 36%
  • Fixed-income 4Q trading revenue rose 23% to EU838M
  • Equities and prime brokerage 4Q revenue rose 20% to EU446M
  • BNP books EU127M goodwill writedown at Polish unit
  • BNP books about EU130M restructuring costs at Belgian, Italian units
  • BNP targets 10% ROE, 12% CET1 ratio for 2020
  • Bank targets increase of more than 6.5% annual average in net income until 2020
  • Bank targets at least 2.5% annual average revenue growth through 2020
  • Bank aims for EU2.7B recurrent annual savings from 2020.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BNP FP (BNP Paribas SA)
FHB US (First Hawaiian Inc)

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