Report
Steven Gould

BNP Paribas : Q1 2020 – consensus on the risks but not on how to quantify them

>Risks identified but hard to quantify - We believe that the market is aware of the difficulties that BNP Paribas faced in Q1 2020. However, for the capital market activities and insurance, the scope of their respective impacts remains highly uncertain as reflected in the very broad range of consensus forecasts. Our estimates for these points are more conservative than those of the consensus. They are based fairly largely on the comparison with the market shock at the...
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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