BNP Paribas : 2021-2022 consensus forecasts could benefit from Q4 2020 results
>Positive surprise possible despite the recent catch-up of the consensus - We believe that a publication that beats forecasts is possible. From the Q1 2020 results publication the management had guided to 2020 net income in a range of -20% to -15% vs 2019, i.e. € 6.5bn to € 6.9bn. At the Q3 2020 earnings report, BNP Paribas said that it was ahead of schedule on its targets. We look for € 6.9bn, which could prove conservative. The consensus began in raise its forecast...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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