BNP Benefits from FICC Uplift in Q3 Offset by Weak Banking Results
BNP Paribas’ third-quarter results were acceptable as a jump in fixed income trading provided an earnings uplift, but weak banking results pointed to the still-critical need to cut costs, given the difficult overall European banking environment. We plan to maintain our EUR 61/$34 fair value estimate and narrow moat rating. Overall, pretax income improved 4% from last year to EUR 2.8 billion, helped by a 40%-plus jump in fixed income, currencies, and commodities, or FICC, revenue, which was simil...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.