BNP Paribas released its numbers for Q3 17. Total revenues at €10.4bn are 2% below expectations and 4% below our own forecasts. Total expenses at €7.13bn are 1% lower than expected (and our expectations) whereas loan losses at €668m are still 10% and 20% below consensus expectations and ours. All in all, operating income at €2.59bn is 3.5% below the company-compiled consensus and 8% below our expectations (the share price is down about 3%). The CET1 ratio at 11.8% is 10bp
31 Oct 2017
Attention on the CIB...
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Attention on the CIB...
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
31 Oct 2017 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas released its numbers for Q3 17. Total revenues at €10.4bn are 2% below expectations and 4% below our own forecasts. Total expenses at €7.13bn are 1% lower than expected (and our expectations) whereas loan losses at €668m are still 10% and 20% below consensus expectations and ours. All in all, operating income at €2.59bn is 3.5% below the company-compiled consensus and 8% below our expectations (the share price is down about 3%). The CET1 ratio at 11.8% is 10bp