Report
Steven Gould

BNP Paribas : Résultats T2 2019 – Le pari du retournement du C/I en bonne voie

>La baisse du C/I des unités opérationnelles se confirme - Le C/I des seules unités opérationnelles passe de 63.1% en T2 2018 à 62.7% en T2 2019. BNP Paribas confirme donc le retournement amorcé en T1 (hors IFRIC 21 / 62.8% vs 63.4% en T1 2018). Le consensus tablait plutôt sur une détérioration en T2. Sachant qu’il est difficile d’extrapoler une poursuite de la baisse des risques, la croissance bénéficiaire ne peut provenir que d’une amélioration du C/I.E...
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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