BNP Paribas: Goldman Sachs raises target price

(CercleFinance.com) - The French bank's revenues rose 1% year-on-year to 11.
8 billion euros and are up 4.9% from the pre-crisis level of Q2 2019.

The analyst points out that costs fell by 1%, leading to positive operating leverage and profit before provisions, which increased by 4%.

In short, the broker is raising its 2021 EPS estimates by 4%, in addition to a dividend payout of 60% from 2022 (above the consensus), with a higher CET1 ratio than the previous year.

The broker has raised its target price for the share from 70 euros to 72 euros (current price about 51.5 euros, +0.5%), confirming its buy rating on it.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.