BNP Paribas released its Q215 earnings. Group revenue growth was strong compared to Q214 and much higher than consensus (€11079m vs €10583m). Total operating expenses were in line with consensus and the cost of risk was 10% lower than expected. All in all, operating income was 20% higher than expected. On the positive newsflow also, CET1 was up 30bps to 10.6%.
31 Jul 2015
Strong Q215 results.
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Strong Q215 results.
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
31 Jul 2015 -
Author:
Farhad Moshiri -
Pages:
2
BNP Paribas released its Q215 earnings. Group revenue growth was strong compared to Q214 and much higher than consensus (€11079m vs €10583m). Total operating expenses were in line with consensus and the cost of risk was 10% lower than expected. All in all, operating income was 20% higher than expected. On the positive newsflow also, CET1 was up 30bps to 10.6%.