BNP Paribas released its numbers for Q42019 this morning. Adjusted profit before loan losses was 4.5% higher than expected driven by both retail banking and the CIB. Management revised its ROTE expectations downwards for 2020 at 10% (vs. 10.5% previously). That was still in line with consensus expectations. CET1 ratio at 12.1% was solid, while some measures to come could alleviate the impact of Basel IV.
06 Feb 2020
Strong Q4 results but a cautious management
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Strong Q4 results but a cautious management
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
06 Feb 2020 -
Author:
Farhad Moshiri -
Pages:
2
BNP Paribas released its numbers for Q42019 this morning. Adjusted profit before loan losses was 4.5% higher than expected driven by both retail banking and the CIB. Management revised its ROTE expectations downwards for 2020 at 10% (vs. 10.5% previously). That was still in line with consensus expectations. CET1 ratio at 12.1% was solid, while some measures to come could alleviate the impact of Basel IV.