BNP Paribas released this morning its numbers for Q2 20. The results were good at all levels with revenues above expectations and costs under control in retail and international banking. Loan losses were also below expectations and in line with Q1 20, underlining an implicit 65bp cost of risk guidance for FY2020. Net income guidance for FY2020 is unchanged at -15% to -20% vs FY2019. The CET1 ratio was 50bp above expectations and 40bp higher qoq.
31 Jul 2020
A strong set of results
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A strong set of results
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
31 Jul 2020 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas released this morning its numbers for Q2 20. The results were good at all levels with revenues above expectations and costs under control in retail and international banking. Loan losses were also below expectations and in line with Q1 20, underlining an implicit 65bp cost of risk guidance for FY2020. Net income guidance for FY2020 is unchanged at -15% to -20% vs FY2019. The CET1 ratio was 50bp above expectations and 40bp higher qoq.