This morning BNP Paribas released its numbers for Q318. Total revenues at €10.35bn were disappointing as these are 1.3% below expectations and 3.2% below our own forecasts. The CIB and Domestic Markets divisions led the miss (the IFS division posted revenues above expectations). Total expenses were roughly in line with expectations and above our own numbers. Hence profit before loan losses at €3.075bn was 4.5% below expectations and about 10% below our forecasts. Capital generation
30 Oct 2018
Disappointing numbers...
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Disappointing numbers...
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
30 Oct 2018 -
Author:
Farhad Moshiri -
Pages:
3
This morning BNP Paribas released its numbers for Q318. Total revenues at €10.35bn were disappointing as these are 1.3% below expectations and 3.2% below our own forecasts. The CIB and Domestic Markets divisions led the miss (the IFS division posted revenues above expectations). Total expenses were roughly in line with expectations and above our own numbers. Hence profit before loan losses at €3.075bn was 4.5% below expectations and about 10% below our forecasts. Capital generation