BNP Paribas : Q2 2020 preview - Risk of persistent wariness on provisions
>Guidance for 2020 - no change expected - In large part, the focus of the publication of 31 July will be on the outlook rather than the actual results. On this point, we think that BNP will maintain its forecasts for its 2020 results.Net profit down 15% to 20% vs 2019, i.e. a range of € 6.5bn to € 6.9bn.Reduction in costs of € 1.3bn to € 1.5bn vs 2019.Increase in the cost of risk that is equivalent to the reduction in costs: on our calculations this sho...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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