- Net Income: EUR 3.40 billion, up by 21% year-over-year, surpassing the estimate of EUR 2.95 billion.
- Revenue: EUR 12.27 billion, an 8% increase year-over-year, exceeding the estimate of EUR 11.93 billion.
- CIB Revenue: EUR 4.48 billion, a 12% rise year-over-year, higher than the estimate of EUR 4.27 billion.
- Global Markets Revenue: EUR 2.25 billion, up by 18% year-over-year, beating the estimate of EUR 1.97 billion.
- FICC Sales & Trading Revenue: EUR 1.10 billion, down by 7% year-over-year, below the estimate of EUR 1.19 billion.
- Equity & Prime Services Revenue: EUR 1.15 billion, soaring 58% year-over-year, far above the estimate of EUR 775.1 million.
- Investment & Protection Services Revenue: EUR 1.47 billion, a 2.9% increase year-over-year, slightly higher than the estimate of EUR 1.45 billion.
- Common Equity Tier 1 Ratio: 13%, close to the estimate of 13.1%.
- Return on Tangible Equity: 12.5% versus 13.6% year-over-year.
- Income Pre-Tax: EUR 4.42 billion, up by 9% year-over-year, above the estimate of EUR 4.13 billion.
- Provision for Loan Losses: EUR 752 million, a 23% increase year-over-year, but lower than the estimate of EUR 837.2 million.
- Cost to Income Ratio: 58.5%, improved from 60.6% year-over-year, and better than the estimate of 60%.
- Non-Interest Expenses: EUR 7.18 billion, a 4.2% rise year-over-year, slightly over the estimate of EUR 7.12 billion.
- Confirmed 2024 targets.
- Fee-generating activities continue to develop.
BNP Paribas on Smartkarma
Analyst coverage of BNP Paribas on Smartkarma has been insightful, with a recent report by Tech Supply Chain Tracker on June 8, 2024. The report highlighted Samsung chairman’s visit to Verizon in the US to bolster partnerships in the American market. The sentiment of the report was bearish, focusing on the importance of collaborations for expanding market presence. Additionally, the report showcased French tech startups at InnoVEX and Taiwan chipmakers at Computex, emphasizing innovation and talent in the tech industry.
The analysis provided by Tech Supply Chain Tracker delved into various aspects, such as India’s EV market poised for growth and the Wi-Fi HaL technology. With a keen eye on the global tech landscape, the report discussed the challenges and promises in India’s EV sector following Modi’s third-term win. This comprehensive coverage offers valuable insights for investors interested in understanding the dynamics influencing BNP Paribas and its market positioning.
A look at BNP Paribas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BNP Paribas, a leading banking institution, has received varying scores across different aspects of its business according to Smartkarma Smart Scores. While the company excels in areas such as Dividend and Momentum with a high score of 5, it also demonstrates strength in Value and Growth with scores of 4. This suggests that BNP Paribas is well-positioned to provide attractive returns to its investors and has solid potential for growth in the long term.
However, the company’s Resilience score of 2 signals a lower level of stability compared to other factors evaluated. Despite this, BNP Paribas‘ overall outlook appears positive, supported by its robust performance in key areas such as Dividend and Momentum. As a diversified banking entity with a global presence offering a range of banking and investment services, BNP Paribas is poised to continue serving its clients across various markets effectively.
### Summary: BNP Paribas S.A. attracts deposits and offers commercial, retail, investment, private, and corporate banking services. The Bank also provides asset management and investment advisory services to institutions and individuals in Europe, the United States, Asia, and the Emerging Markets. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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