BNP Paribas : Solid underlying net income expected in Q1 2023
>We forecast revenues of € 11.5bn, with an impact from the sale of BankWest - BNP Paribas is due to report its Q1 2023 earnings on 3 May. We forecast revenues of € 11.5bn, down 12.6% following the sale of BankWest and vs a high Q1 2022 comparison base. Our forecast is very slightly lower than the consensus (€ 11.7bn), the gap stemming from our more cautious forecast for market activities. We see a drop of 11.4% in commercial and personal banking revenues, with higher...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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