BNP Paribas S.A.

BNP Paribas is engaged in the provision of banking and financial services. Co.'s business activities are divided into two segments: Retail Banking & Services and Corporate and Investment Banking. The Retail Banking and Services business includes domestic markets and international financial services. The Corporate and Institutional Banking comprises of corporate banking, global markets, and securities services. Other activities include principal investments, which related to Co.'s central treasury function, some costs related to crossbusiness projects, the residential mortgage lending business of personal finance, and certain investments.
  • TickerBNP
  • ISINFR0000131104
  • ExchangeEuronext Paris
  • SectorBanks
  • CountryFrance

Raiffeisen Centrobank Equity Daily 18.09.2020

ATX indices review - FFF changes in IMMOFINANZ, EVN; ATX five: add: Wienerberger; del BAWAG Group CECE index review - Add: BIF, Graphisoft Park, Play Communications; Del: Appeninn, PGE FTSE Index Sept review - AllWorld (ML) add: Banca Transilvania; del: mBank, Russneft; AllCap (SML) add: Mayr-Melnhof, Petropavlovsk; del: Kapsch TrafficCom; TotalCap (Micro+SML) add: Marinomed, Getin Noble Bank; M->L: InterRAO; L->M: OMV, Erste Group; STOXX Europe 600 Index review - Dino to be added WIG20/WIG30 indices review - No change in constituents AT: FACC - Informing employees today regarding layoffs, up ...

BNP PARIBAS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BNP PARIBAS (FR), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 11, 2020, the closing price was EUR 36.11 and its target price was estimated at EUR 27.86.

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/08/2020

The future European taxonomy should prove advantageous to groups like Schneider Electric, for which “green sales” already represent 70% and help its clients save an average of 40 Mt in CO2 per annum. On our reckoning, this is equivalent to € 8.3bn in “hidden green value” (€ 15 per share) which could result in more robust future growth. Apart from this ESG impact, the group should see a marked rebound in its results in 2021-2022 with FCF reaching a new threshold thus confirming the ong...

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/09/2020

La future taxonomie européenne devrait avantager des groupes comme Schneider Electric, dont 70% du chiffre d’affaires est déjà « vert » et qui permet à ses clients d’économiser chaque année 40 Mt CO2 en moyenne. Ceci équivaut, selon nous, à 8.3 Md€ de « valeur verte cachée » (15 €/action) qui pourrait se retrouver dans une croissance future plus soutenue. Outre cet impact ESG, le groupe devrait connaître un net rebond de ses résultats en 2021-22 et le FCF a franchi un nouveau seuil co...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Overweight Global Technology & Industrials The absence of breakdowns in both the US dollar (DXY) and the MSCI EAFE vs. EM ratio along with the positive correlation between the two allows us to continue sticking with EAFE over EM... see charts below. As long as the DXY's uptrend remains intact, we expect EAFE to continue outperforming EM. Below we highlight attractive and actionable themes within developed int'l markets: • Technology and Industrial Manufacturing. Technology and Industrials continue to be two of the most attractive Sectors globally -- overweight. These two Sectors account ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy r...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leader...

Matthieu DRIOL

Analyse court terme - BNP PARIBAS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 45,725 €, puis 42,294 €. Le franchissement de 55,251 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BNP PARIBAS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €45.725, then €42.294. Passing €55.251 would question the continuation of the fall.

Raiffeisen Centrobank Equity Daily 18.09.2020

ATX indices review - FFF changes in IMMOFINANZ, EVN; ATX five: add: Wienerberger; del BAWAG Group CECE index review - Add: BIF, Graphisoft Park, Play Communications; Del: Appeninn, PGE FTSE Index Sept review - AllWorld (ML) add: Banca Transilvania; del: mBank, Russneft; AllCap (SML) add: Mayr-Melnhof, Petropavlovsk; del: Kapsch TrafficCom; TotalCap (Micro+SML) add: Marinomed, Getin Noble Bank; M->L: InterRAO; L->M: OMV, Erste Group; STOXX Europe 600 Index review - Dino to be added WIG20/WIG30 indices review - No change in constituents AT: FACC - Informing employees today regarding layoffs, up ...

Jean Sassus ...
  • Steven Gould

ODDO : Next please!

>Conclusion – Domestic consolidation via share swaps - The planned tie-up between CaixaBank/Bankia has revitalised the theme of consolidation. However, we think that the likelihood of major deals remains limited with Deutsche Bank/Commerzbank at the top of the list:Domestic operations are still the most likely due to persistent obstacles to major cross-border deals. It is these deals that offer the greatest potential for tangible and rapidly achievable cost-cutti...

Jean Sassus ...
  • Steven Gould

ODDO : Au suivant ?

>Conclusion – Consolidations domestiques par échanges de titres - Le projet de rapprochement CaixaBank/Bankia relance le thème de la consolidation. Nous estimons cependant que le potentiel pour des opérations majeures reste limité avec DBK/CBK en tête de liste :Les opérations domestiques restent les plus probables compte tenu des obstacles persistants aux grandes opérations transfrontalières. Ce sont celles qui offrent le potentiel de réductions de coûts le plus ...

Jean-Christophe Dourret

BNP Paribas : BNP Paribas - 7 Sept 2020

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Jean-Christophe Dourret

BNP Paribas : BNP Paribas - 7 sept 2020

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BNP Paribas: Q2 20 results: Strong investment banking activities support revenues and partially offset a surge in loan loss charges

In Q2, BNP Paribas' revenues rose 4% year-over-year and spending declined 1%, leading to a 15% growth in gross operating income. Surge in cost of risk leads to a 7% drop in reported profits.

BNP Paribas: Update following Q1 2020 financial results

Our credit view of BNP Paribas, reflecting a well-diversified business model generating stable earnings, improving capitalisation and liquidity, partly offset by high wholesale funding.

BNP Paribas: Q1 20 results: Coronavirus crisis leads to a surge in cost of risk but net operating income shows resilience to shocks

In Q1, BNP Paribas' revenues dropped 2% year-over-year, more than offset by a 4% decline in operating expenses. Surge in cost of risk by 85% leads to a 33% drop in reported profits.

BNP Paribas: Q1 20 results: Coronavirus crisis leads to a surge in cost of risk but net operating income shows resilience to shocks

In Q1, BNP Paribas' revenues dropped 2% year-over-year, more than offset by a 4% decline in operating expenses. Surge in cost of risk by 85% leads to a 33% drop in reported profits.

Arnaud Journois ...
  • Elisabeth Rudman
  • Tomasz Walkowicz

BNPP: Q1 2020 Down on COVID-19 Related Provisions and Revenue Hit in CIB and Insurance

BNP Paribas SA (BNPP or the Group) reported a EUR 1,282 million net attributable profit in Q1 2020, down 33.2% year-on-year (YoY) from EUR 1,918 million net profit in Q1 2019. This was mainly driven by ex-ante provisions to cover the expected deterioration in economic conditions as a result of the Coronavirus Disease (COVID-19) and its impact on revenues in Equity and Prime Services and Insurance. This was partly offset by a strong decrease in operating costs on the back of the Group's cost savings plan, whilst revenues in Domestic Markets (DM) and Corporate and Investment Banking (CIB) were f...

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/08/2020

The future European taxonomy should prove advantageous to groups like Schneider Electric, for which “green sales” already represent 70% and help its clients save an average of 40 Mt in CO2 per annum. On our reckoning, this is equivalent to € 8.3bn in “hidden green value” (€ 15 per share) which could result in more robust future growth. Apart from this ESG impact, the group should see a marked rebound in its results in 2021-2022 with FCF reaching a new threshold thus confirming the ong...

Jean Sassus ...
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/09/2020

La future taxonomie européenne devrait avantager des groupes comme Schneider Electric, dont 70% du chiffre d’affaires est déjà « vert » et qui permet à ses clients d’économiser chaque année 40 Mt CO2 en moyenne. Ceci équivaut, selon nous, à 8.3 Md€ de « valeur verte cachée » (15 €/action) qui pourrait se retrouver dans une croissance future plus soutenue. Outre cet impact ESG, le groupe devrait connaître un net rebond de ses résultats en 2021-22 et le FCF a franchi un nouveau seuil co...

Bruno Cavalier ...
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/03/2020

...

Bruno Cavalier ...
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/08/2020

...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

BNP PARIBAS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BNP PARIBAS (FR), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 11, 2020, the closing price was EUR 36.11 and its target price was estimated at EUR 27.86.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

BNP Paribas – AGM 19 May 2020

Press release of 2/4/20 (): cancellation of the dividend ITEM 13 and 14: The Company is not proposing any negative changes to the executive remuneration policy, so we support resolution 13. However, the remuneration policy of the Chairman does not respect our voting policy (see resolution 12: excessive remuneration), as does that of the CEO (see resolution 13: excessive fixed and total remuneration and undemanding performance criteria for long-term remuneration). However, by virtue of paragraph 2 of II of Article L. 225-100 of the French Commercial Code, only the rejection of the resolution t...

Jehanne Leroy

BNP Paribas - Assemblée Générale du 19 mai 2020

Communiqué du 2/4/20 (/sites/default/files/documents/cp_bnpp_ca_02042020_vf3_fr.pdf) : annulation du dividende. RémunérationsLa société ne propose de modification négative de la politique de rémunérations des dirigeants, aussi, nous soutenons la résolution 13. Cependant, la politique de rémunérations du Président ne respecte pas notre politique de vote (cf. résolution 12: rémunération excessive), de même que celle du DG (voir résolution 13 : rémunérations fixe et totale excessives et critère de performance de la rémunération long-terme peu exigeant). Or, en vertu de l'alinéa 2 du II de l'arti...

Expert Corporate Governance Service (ECGS)

BNP Paribas - AGM 23 May 2019

ITEM 12: ECGS supports the 2019 executives’ remuneration policy as the company proposes 2 positive changes: the addition of a CSR criterion distinct from the other qualitative criteria and the confirmation by the Board and the CEO that he could not benefit from his non-compete agreement if he retires or after 65 years old, in accordance with the Afep/Medef code as revised in June 2018. ITEMS 14 and 15: Likewise, we support the amounts granted in 2018 to executives as they are acceptable. We note however that more disclosure, mainly on targets to achieve and vesting scales, could improve shareh...

Jehanne Leroy

BNP Paribas - Assemblée générale des actionnaires du 23 mai 2019

Proxinvest ne fournit pas de services au groupe BNP Paribas à l'exception de la fourniture de recherche, conseils de vote ou service de conseil relatif au suivi des franchissements de seuils statutaires fournis à une ou plusieurs entités de gestion d'actifs du groupe. Proxinvest soutient la politique de rémunération 2018 des dirigeants en raison des 2 améliorations proposées qui rendent cette nouvelle politique de rémunération préférable à la précédente : l'inclusion d'un critère de RSE distinct des critères qualitatifs et la confirmation apportée par le conseil et le Directeur général que c...

BNP Paribas – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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