BNP Paribas released this morning its numbers for Q3 21. These were overall better than expected at the P&L level (higher than expected revenues leading to an higher gross operating income) with a beat in almost all operating divisions. Guidance is unchanged.
The bank also announced a €900m share buy-back programme which leads to an equivalent 60% pay-out ratio for 2021 (in line with what is expected to be announced at the February 2022 CMD). We will slightly adjust upwards our expectations.
29 Oct 2021
Supportive numbers
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Supportive numbers
- Published:
29 Oct 2021 -
Author:
Farhad Moshiri -
Pages:
2
BNP Paribas released this morning its numbers for Q3 21. These were overall better than expected at the P&L level (higher than expected revenues leading to an higher gross operating income) with a beat in almost all operating divisions. Guidance is unchanged.
The bank also announced a €900m share buy-back programme which leads to an equivalent 60% pay-out ratio for 2021 (in line with what is expected to be announced at the February 2022 CMD). We will slightly adjust upwards our expectations.