BNP Paribas : Solid Q1 2023 results and financial guidance confirmed
>Underlying revenues up 5.3% - BNP Paribas posted its Q1 2023 results yesterday morning. Reported revenues came in at € 12.03bn, up 1.4% on a comparison base adjusted for BankWest, vs a consensus of € 11.75bn (and our forecast of € 11.55bn). Underlying revenue growth came to 5.3%. We particularly note: 1/ better-than-expected revenues in commercial banking (+6.8%), with revenue growth in France (interest income up 6.8%, with loan growth and gradual margin improvement...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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