BNP Paribas released its Q1 20 numbers this morning. Overall these were better than expected despite higher loan losses. Guidance is also above expectations with a 15-20% decrease in 2020 net income (vs 2019) expected by the bank vs -30% for the consensus. The capital ratio has remained solid at 12% (the allocation of the 2019 dividend has indeed offset the increase in total RWA due to COVID-19).
05 May 2020
Better than (already depressed) expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Better than (already depressed) expectations
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
05 May 2020 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas released its Q1 20 numbers this morning. Overall these were better than expected despite higher loan losses. Guidance is also above expectations with a 15-20% decrease in 2020 net income (vs 2019) expected by the bank vs -30% for the consensus. The capital ratio has remained solid at 12% (the allocation of the 2019 dividend has indeed offset the increase in total RWA due to COVID-19).