Report
Steven Gould

BNP Paribas : T2 2020 – Capacité de provisionnement inutilisée, signal de confiance

>Guidance – Défiance persistante du marché - La réaction du marché à la publication des résultats T2 confirme sa défiance vis à vis des prévisions de résultats 2020 du management (BN -15% à -20% vs 2019). Il reste perplexe sur le coût du risque qui n’anticiperait pas correctement la dégradation présumée forte de la qualité du portefeuille sur le second semestre et, probablement, 2021. Cette défiance sur 2020 explique aussi la baisse régulière du consensus 2021 entrain...
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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