BNP Paribas released its numbers for Q2 21. These were above expectations across-the-board and, more importantly, of good quality. Retail banking activities’ revenues were indeed well above expectations (driven by France and Belgium). The share price reaction is limited despite a positive change in the guidance (revenues expected to be higher than previously anticipated) as investors were maybe expecting more colour/numbers on the guidance. The CET1 ratio at 12.9% is comfortably above requiremen ....
30 Jul 2021
Much better than expected
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Much better than expected
- Published:
30 Jul 2021 -
Author:
Farhad Moshiri -
Pages:
3
BNP Paribas released its numbers for Q2 21. These were above expectations across-the-board and, more importantly, of good quality. Retail banking activities’ revenues were indeed well above expectations (driven by France and Belgium). The share price reaction is limited despite a positive change in the guidance (revenues expected to be higher than previously anticipated) as investors were maybe expecting more colour/numbers on the guidance. The CET1 ratio at 12.9% is comfortably above requiremen ....