BNP Paribas is rethinking sustainable finance to focus on profitable deals and on redefining what it considers sustainable, a senior executive said, as it became the latest bank to distance itself from the ESG label.
Kumar Rakesh, BNP Paribas' India analyst, IT and auto gives an optimistic outlook on India's automotive sector, seeing strong exports from Indian passenger vehicles and motorcycles. He notes India's growing appeal as a manufacturing hub, and breaks down his expectations of India's budget for the automotive and IT sectors.
BNP Paribas has a circa 67% revenue exposure to the Eurozone, with France alone accounting for 25% of all revenues. Net interest income makes up some 64% of the bank's revenue, implying profitability peaked in 2023-2024 as the ECB is now cutting interest rates. Even so, the valuation remains very undemanding even if we account for weak Eurozone growth.
BNP Paribas Asset Management's Chi Lo see a possible upside surprise despite Trump's tariffs threats, noting that China managed to increase export share despite tariffs during Trump 1.0. He predicts the Yuan to weaken to 7.60 against the U.S. dollar to offset U.S. tariffs, and outlines potential outcomes if Chinese stimulus revives their domestic economy.
BNP Paribas' head of Indian equities, Abhiram Eleswarapu sees the current softness for India markets to pass by April. He expects select consumer sectors, India's capex story and exports to drive earnings, with 13% earnings growth expected over the course of the year.
Investors with an interest in Banks - Foreign stocks have likely encountered both BNP Paribas SA (BNPQY) and Erste Group Bank AG (EBKDY). But which of these two stocks presents investors with the better value opportunity right now?
Daniel Morris, chief market strategist at BNP Paribas Asset Management, discusses the outlook for U.S. stocks in 2025.
Poland's BNP Paribas BP posted a higher-than-expected 43% jump in third-quarter net profit on Friday, supported by strong core revenues and lower provisions for legal risks associated with Swiss franc mortgages.
Jason Lui of BNP Paribas discusses China market outlook amid U.S. elections uncertainty.
The market wasn't impressed with BNP Paribas' third quarter results, sending the shares down roughly 5% on the day. Headline income statement figures either matched or beat consensus, but beneath the hood there were some issues. The stock still trades for less than 0.7x tangible book value, and that is too cheap relative to the bank's earnings power.
France's top two banks saw their share prices take rival trajectories on Thursday as Société Générale shares surged on news of a management shakeup while BNP Paribas shares slipped on a mixed set of financial results
BNP Paribas reported a rise in third-quarter earnings that was in line with market expectations, as growth in its investment bank offset softness in its domestic retail business.