BNP Paribas has released its Q4 16 earnings: Total revenues were in line with expectations at €10.66bn and 2% higher than our own forecasts. Total expenses at €7.45bn were higher than expected (due to higher restructuring charges at -€342m vs €156m expected) while loan losses at €950m were above the expected €882m. All in all, the operating profit at €2.26bn was 2% lower than expected. The CET1 ratio at 11.5% was 10bp higher qoq. €3bn transformation cos
07 Feb 2017
Roughly in line with expectations...
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Roughly in line with expectations...
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
07 Feb 2017 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas has released its Q4 16 earnings: Total revenues were in line with expectations at €10.66bn and 2% higher than our own forecasts. Total expenses at €7.45bn were higher than expected (due to higher restructuring charges at -€342m vs €156m expected) while loan losses at €950m were above the expected €882m. All in all, the operating profit at €2.26bn was 2% lower than expected. The CET1 ratio at 11.5% was 10bp higher qoq. €3bn transformation cos