Report
Steven Gould

BNP Paribas : Q4 2019 – Clarification on the capital

>Conclusion – Positive bias confirmed - The analysis of results and indications lead us to a fairly positive conclusion:(+) Solvency and capital: it is becoming increasingly clear that BNP Paribas will generate a capital surplus even after the full impact of Basel III.(+) Cost-income ratio: the consensus anticipates -300bp, which seems realistic given the planned cost-cutting measures. BNP Paribas’ inflation assumption looks high at 3.5%.(+/-) Risk: BNP...
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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