BNP Paribas : Q2 2019 results – improvement in cost-income ratio on track
>Decrease in cost-income ratio of operating units confirmed - The cost-income ratio of the operating units alone rose went from 63.1% in Q2 2018 to 62.7% in Q2 2019. BNP Paribas has therefore confirmed the improvement initiated in Q1 (excluding IFRIC 21 / 62.8% vs 63.4% in Q1 2018). The consensus forecast was more for a deterioration in Q2. Since it is difficult to extrapolate a continued reduction in risk, earnings growth can only come from an improvement in the cost...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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