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BNP Paribas : Strong Q2 2018 thanks to good revenue growth in IFS and lower provisions
>Net profit came in 16.1% above consensus - Reported net profit came at € 2.4bn stable y-o-y and 16.1% above the consensus. The beat is driven by higher revenue (€ 11.2bn +2.5% y-o-y and 2.6% above consensus), thanks to IFS and the contribution of the Corporate Center, and lower provisions (€ 567m -14.4% y-o-y and 25% below expectations). Note that the cost of risk stood at 29bp, down 3bp q-o-q as the group continues to enjoy writebacks in CIB, Belgium retail banking ...
Underlying
EasyETF S-Box BNP Paribas Next 11 Emerging
Provider
Oddo BHF
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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