BNP Paribas: share down on fairly unsurprising results
(CercleFinance.com) - On Thursday, BNP Paribas reported quarterly results that are in line with expectations, with net income down 7% - in particular due to a higher tax charge.
Net income, group share thus came to E2.66bn for July to September, compared with E2.77bn in the same period in 2022.
Net banking income reached E11.58bn, up 4% from the E11.14bn published in Q3 2022.
At 30 September the common equity Tier 1 (CET1) ratio stood at 13.4%, against a consensus of 13.3%.
Tangible net book value per share stood at E86.3, up 33.2% from 31 December 2018, which the group says illustrates its "continuous" value creation across economic cycles
However, BNP Paribas shares were down 5% in Paris this morning, the second biggest faller in the CAC 40, behind Teleperformance.
The share has still risen by 5.5% since the start of 2023, pretty much in line with the European banking index (+5.1%).
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Net income, group share thus came to E2.66bn for July to September, compared with E2.77bn in the same period in 2022.
Net banking income reached E11.58bn, up 4% from the E11.14bn published in Q3 2022.
At 30 September the common equity Tier 1 (CET1) ratio stood at 13.4%, against a consensus of 13.3%.
Tangible net book value per share stood at E86.3, up 33.2% from 31 December 2018, which the group says illustrates its "continuous" value creation across economic cycles
However, BNP Paribas shares were down 5% in Paris this morning, the second biggest faller in the CAC 40, behind Teleperformance.
The share has still risen by 5.5% since the start of 2023, pretty much in line with the European banking index (+5.1%).
Copyright (c) 2023 CercleFinance.com. All rights reserved.