BNP Paribas: Scaling Up The AuM
BNP reported a solid set of numbers. Q2 results were positively impacted (once again) by the corporate investment banking division. Strong strategic rationale in AXA IM acquisition. Higher 2024 outlook to priced in, combined with balance sheet flexibility and sustainable shareholders' remuneration. This is still a buy.
BNP Paribas: Results Remain Robust; Shares Get Cheaper
Shares of French banking giant BNP Paribas have been relatively weak since my last update, with political developments in France taking the shine off solid financial results. Q2 results were robust. Net income beat consensus, with equities trading a particular highlight. BNP is pretty insensitive to interest rates, so those earnings should prove relatively stable. These shares are now back under 0.7x tangible book value. With the bank earning an 11-12% return on tangible equity, the implied P/E is only around 6x.
Poland's BNP Paribas BP Q2 profit jumps 36% on provisions, deferred tax
Poland's BNP Paribas BP posted a bigger than expected 36% jump in second-quarter net profit on Tuesday, supported by a one-off positive impact from deferred tax, and lower legal provisions related to Swiss franc mortgages.
BNP Paribas (BNPQY) Intends to Buy AXA Investments Managers
BNP Paribas (BNPQY) enters into discussions to acquire AXA Investments Managers. Also, both entities set up a long-term partnership to manage a significant part of AXA's assets.
BNP Paribas aims at 'usual suspect' status in hard-to-crack UK market
When acquisitive Czech billionaire Daniel Kretinsky set his eyes earlier this year on one of Britain's most iconic companies, the Royal Mail, he chose BNP Paribas along with two Wall Street giants to advise him.
BNP Paribas beats estimates as trading revenues jump
France's BNP Paribas posted better-than-expected quarterly earnings on Wednesday after investment banking revenue jumped thanks to a surge in equities trading, offsetting a sharp drop in net interest income in its French retail business.
BNP Paribas, Mistral AI ink partnership deal
BNP Paribas has entered into a comprehensive partnership agreement with Mistral AI, covering all its current and future commercial models, the French bank said on Tuesday.
BNP Paribas (BNPQY) in Talks to Form Asset Management JV With Axa
BNP Paribas (BNPQY) and Axa are contemplating to merge their asset management businesses. However, there's nothing certain about the deal yet.
BNP Paribas SA (BNPQY) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BNP Paribas SA (BNPQY) have what it takes?
BNP Paribas Wealth Management boss says private debt is 'money for old rope'
The surge in investment in private debt is "more money for old rope, BNP Paribas Wealth Management global chief investment officer Edmund Shing said on Tuesday.
BNP Paribas and BPCE Partner to Create Payment Processor
BNP Paribas and BPCE have partnered to create a payment processor that would handle all card payments from the two banks in Europe and could also be opened to other banks. With 17 billion transactions from BNP Paribas and BPCE alone, the processor would be the No.
French banks BNP Paribas and BPCE in payments sector tie-up
BNP Paribas , the euro zone's biggest lender, and French rival BPCE plan to form a joint venture in the payments sector, the two companies said on Thursday.
