BNP Paribas : Net income close to expectations, in line with the group’s 2024 targets
>Total revenues in line despite some disparities by business - Last Thursday BNP Paribas reported Q3 2024 earnings close to expectations. Revenues were € 11,941m (+3.1% reported, +2.7% vs the distributable base), in line with expectations (consensus € 11,930m, our estimate € 11,947m). In commercial banking, revenues were down very slightly to € 4,032m (-0.6%), in line with expectations, but with lower than expected revenues in Belgium (in a competitive market), Italy ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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