BNP Paribas released its Q2 16 earnings this morning. Total revenues were 4% higher than consensus expectations (once adjusted for higher losses than expected on OCA/DVA in the corporate centre). Total expenses were in line with the company-compiled consensus whereas loan losses were 11% better than expectations, leading to a 4% beat in operating income (versus expectations). CET1 ratio at 11.1% is 10bp higher than last quarter.
28 Jul 2016
Positive on global markets and expenses offset by French retail banking
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Positive on global markets and expenses offset by French retail banking
BNP Paribas S.A. Class A (BNP:WBO) | 0 0 0.8% | Mkt Cap: 80,389m
- Published:
28 Jul 2016 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas released its Q2 16 earnings this morning. Total revenues were 4% higher than consensus expectations (once adjusted for higher losses than expected on OCA/DVA in the corporate centre). Total expenses were in line with the company-compiled consensus whereas loan losses were 11% better than expectations, leading to a 4% beat in operating income (versus expectations). CET1 ratio at 11.1% is 10bp higher than last quarter.