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BNP Paribas SA (BNPQY)
OTHER OTC:BNPQY
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Earnings Data
Report Date
Feb 04, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.93Last Year’s EPS
$0.69Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -14.39%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in net income and CIB, along with positive growth in IPS. However, challenges persist in Eurozone retail banking and the Belgian market. The overall sentiment is cautiously optimistic, with positive aspects outweighing the challenges.Company Guidance
During the BNP Paribas Q3 2024 earnings call, the company provided detailed guidance on several key financial metrics. The net income group share was reported at EUR 2.9 billion, demonstrating strong performance across operational divisions. Revenues increased by 2.7% year-on-year, with Corporate and Institutional Banking (CIB) experiencing a 9% rise, driven by a 12.4% increase in Global Markets activities. The Commercial, Personal Banking & Services (CPBS) division showed stable revenues, while Investment & Protection Services (IPS) grew by 4.9%. Operating costs increased by 1.7%, supported by EUR 655 million in cost savings achieved by September. The cost of risk remained steady at 32 basis points, reflecting a robust credit portfolio. The bank's core equity Tier 1 ratio stood at 12.7%, factoring in a 30 basis points impact from the prudential consolidation of Arval. Additionally, BNP Paribas reaffirmed its EUR 1 billion full-year savings target for 2024 and discussed strategic initiatives, including the acquisition of AXA Investment Management by Cardiff, which aims to enhance synergies and expand fee-driven, capital-light businesses.Record Net Income
BNP Paribas achieved a net income of EUR 2.9 billion in Q3 2024, marking the highest net income recorded by the bank in a third quarter, up 5.9% year-on-year.
Strong CIB Performance
Corporate & Institutional Banking (CIB) revenues increased by 9% year-on-year, driven by strong performances in Global Markets (up 12.4%) and Global Banking (up 5.9%).
Positive Momentum in IPS
Investment & Protection Services (IPS) revenues were up 4.9%, with Asset Management up 7.9% and Insurance up 6.4%.
Operational Efficiency Achievements
EUR 655 million of savings were achieved by the end of September 2024, with a total of EUR 1 billion savings expected for the full year.
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BNPQY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BNPQY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $35.58 | $34.06 | -4.27% |
| Jul 24, 2024 | $35.08 | $34.78 | -0.86% |
| Apr 25, 2024 | $34.48 | $34.88 | +1.16% |
| Feb 01, 2024 | $32.36 | $29.29 | -9.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BNP Paribas SA (BNPQY) report earnings?
BNP Paribas SA (BNPQY) is schdueled to report earning on Feb 04, 2025, Before Open Not Confirmed.
What is BNP Paribas SA (BNPQY) earnings time?
BNP Paribas SA (BNPQY) earnings time is at Feb 04, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BNPQY EPS forecast?
BNPQY EPS forecast for the fiscal quarter 2024 (Q4) is $0.93.
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