BNP Paribas's Q4 15 earnings release is roughly in line with expectations after stripping out all exceptional items. Salutary, however remember that the Q4 15 operating income is 10.5% lower than in Q4 14. On top of this, both us and the market had sharply reduced its earnings expectations in the last weeks/months, reflecting market worries in earnings expectations (BNP Paribas' and French banks' share prices have lost roughly 30%). On the solvability side, the CET1 ratio is a bit higher than
05 Feb 2016
Earnings in line, positive on capital
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Earnings in line, positive on capital
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
05 Feb 2016 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas's Q4 15 earnings release is roughly in line with expectations after stripping out all exceptional items. Salutary, however remember that the Q4 15 operating income is 10.5% lower than in Q4 14. On top of this, both us and the market had sharply reduced its earnings expectations in the last weeks/months, reflecting market worries in earnings expectations (BNP Paribas' and French banks' share prices have lost roughly 30%). On the solvability side, the CET1 ratio is a bit higher than