Report
Steven Gould

BNP Paribas : A head start, and not just on the consensus

>Double whammy - The BNP Paribas share is penalised by a “double whammy” despite having begun to catch up:Valuation: based on consensus data, the share is trading at a P/E 2022 of 7.4x vs a median of 8.0x for the stocks we cover. The CoE applied by investors is 100bp higher than that of the sector.Consensus: our forecasts are around 15% higher than the consensus. The consensus does not factor in the potential for revenue growth and continues to overestimate ...
Underlying
BNP Paribas SA Class 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.

Provider
Oddo BHF
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.

Analysts
Steven Gould

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