BNP Paribas SA

BNP

Equity

ISIN FR0000131104 / Valor 123397

Euronext - Euronext Paris (2024-12-23)

EUR 57.44-0.07%

BNP Paribas SA
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About company

BNP Paribas SA is a leading European bank that provides a wide range of financial services to various customer segments including individuals, associations, entrepreneurs, SMEs, large corporations, and institutional clients. The bank's operations are structured around three main divisions, reflecting its integrated and diversified business model. This model enables BNP Paribas to offer comprehensive solutions across financing, investment, savings, and protection services, catering to the diverse needs of its clients. The bank's approach is characterized by long-term guidance and advice, aiming to support the growth and development projects of its customers. BNP Paribas has a global presence, which, along with its diversified customer base and business lines, contributes to its stability and performance. The bank is also involved in sponsorship activities, particularly in tennis and cinema, aligning with its corporate social responsibility initiatives. Through its operations, BNP Paribas plays a significant role in financing the economy and supporting the transition towards a more sustainable model, positioning itself as a key player in the global financial landscape.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

BNP Paribas SA reported a net income of €2,868 million for the third quarter of 2024, marking a 5.9% increase compared to the same period in 2023. This growth reflects the bank's strong performance across its various business divisions, demonstrating its ability to manage risks and resources effectively.

Revenue Increase

For the third quarter of 2024, BNP Paribas SA achieved revenues of €11,941 million, representing a 2.7% increase from the third quarter of 2023. This growth was driven by the bank's diversified and integrated business model, with notable performances in its Corporate and Institutional Banking (CIB) and Investment & Protection Services (IPS) divisions.

Cost of Risk

The cost of risk for BNP Paribas SA remained stable at 32 basis points in the third quarter of 2024. This stability indicates the bank's effective risk management strategies, ensuring that potential losses from credit risks are kept under control.

Earnings Per Share

BNP Paribas SA reported earnings per share of €2.38 for the third quarter of 2024, which is an 11.2% increase compared to the same quarter in 2023. This improvement in earnings per share highlights the bank's enhanced profitability and efficient capital management.

Capital Structure

BNP Paribas SA maintained a strong capital structure with a Common Equity Tier 1 (CET1) ratio of 12.7% as of the third quarter of 2024. This solid financial foundation supports the bank's strategic initiatives, including the planned acquisition of AXA Investment Managers, which aims to reposition its Investment & Protection Services division strategically within the group.

Summarized from source with an LLMView Source

Key figures

-8.84%1Y

-4.27%3Y

8.15%5Y

Performance

24.6%1Y

29.2%3Y

35.7%5Y

Volatility