BNP Paribas has released its numbers for Q2 18. Total revenues at €11.2bn were 2.7% above expectations (1.5% below our own forecasts) mainly driven by the International and Financial Services division. Total expenses at €7.37bn were 0.8% higher than expected (in line when adjusting for higher expenses in the corporate centre) and 1.5% above our forecasts. Profit before loan losses at €3.85bn was therefore 6% above expectations. The CET1 ratio at 11.5% is slightly below expectat
02 Aug 2018
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BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
02 Aug 2018 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas has released its numbers for Q2 18. Total revenues at €11.2bn were 2.7% above expectations (1.5% below our own forecasts) mainly driven by the International and Financial Services division. Total expenses at €7.37bn were 0.8% higher than expected (in line when adjusting for higher expenses in the corporate centre) and 1.5% above our forecasts. Profit before loan losses at €3.85bn was therefore 6% above expectations. The CET1 ratio at 11.5% is slightly below expectat