Core Viewpoint - BNP Paribas has set a target of 13% for return on tangible equity (ROTE) by 2028 as part of its medium-term plan to be announced in early 2027 [1] Group 1 - The target ROTE of 13% reflects the bank's strategic focus on enhancing profitability and shareholder returns [1]

Core Viewpoint - BNP Paribas aims for a ROTE of 13% by 2028, with a net income target exceeding €12.2 billion in 2025 and a ROTE of 12% in 2026, concluding its 2022-2026 strategic plan [1][2]. Group Performance and Strategy - The Group's solid operational performance in Q2 2025 has confirmed its growth trajectory, with a strong growth momentum initiated in 2025 [1]. - A new medium-term plan for 2027-2030 will be announced in early 2027, continuing the Group's acceleration and progress [2]. - The CET1 phased-in ratio is expected to reach 12.5% by the end of 2027, post-FRTB implementation [2]. Business Segments and Growth Drivers - The Corporate and Institutional Banking (CIB) division is a high-value-added platform and a powerful growth engine, gaining market share through a diversified client franchise and optimized capital [3]. - The Commercial Banking and Personal Banking Services (CPBS) segment aims to align profitability with the Group's overall level, contributing +1% to the Group's ROTE by 2028, including +0.5% by 2026 [4]. - Investment and Protection Services (IPS) is experiencing strong organic growth across its three businesses—Insurance, Asset Management, and Wealth Management—along with external growth operations [5]. Operational Efficiency and Commitment - BNP Paribas continues to implement operational efficiency measures across all businesses and functions, enhancing its ability to support the financing needs of the economy [5][6]. - The commitment of the teams and the strength of the platforms position the Group well for future growth [6].

Core Points - BNP Paribas aims for a ROTE of 13% by 2028, with a net income target exceeding €12.2 billion in 2025 and a ROTE of 12% in 2026, concluding the 2022-2026 strategic plan [1][2] - The CET1 ratio is expected to reach 12.5% by the end of 2027, following the implementation of FRTB [2] Group Performance - The Group's diversified and integrated model supports its growth trajectory, with Corporate and Institutional Banking (CIB) serving as a high-value-added platform and growth engine [3] - The new strategic plan for Commercial Banking and Personal Banking Services (CPBS) aims to align profitability with the Group's overall level, contributing an additional +1% to ROTE by 2028, including +0.5% by 2026 [4] Growth Drivers - Investment in Insurance, Asset Management, and Wealth Management is driving strong organic growth, alongside external growth operations such as the AXA IM acquisition [5] - Operational efficiency measures are being implemented across all businesses and functions to enhance performance [5] Strategic Outlook - The next medium-term plan for 2027-2030 will be announced in early 2027, with continued acceleration and progress expected [2][6] - BNP Paribas is well-positioned to support the financing needs of the economy through its diversified and integrated model [6]

South Africa may beat its budget-deficit target for this year, helped by restrained spending and healthier tax collections, BNP Paribas says https://t.co/33xo42buBC ...

Core Viewpoint - Italian bank UniCredit announced a partnership with French bank BNP Paribas for custody services as part of its strategy to streamline operations and enhance partnerships [1] Company Summary - UniCredit is focusing on operational efficiency and strategic partnerships to improve its service offerings [1] - The collaboration with BNP Paribas aims to enhance custody services, indicating a trend towards consolidation in the banking sector [1] Industry Summary - The partnership reflects a broader industry movement towards collaboration among banks to optimize service delivery and reduce operational complexities [1] - This initiative may signal increased competition in the custody services market, as banks seek to leverage partnerships for better efficiency [1]

Group 1 - The announcement indicates that no stabilisation was carried out for the securities offered by REXEL S.A [2] - The aggregate nominal amount of the securities is EUR 400,000,000 with a description of 4% due in September 2030 [3] - The offer price for the securities is set at 100 [3] Group 2 - The stabilisation managers involved in this announcement include BNP Paribas, CIC, Natixis, ING, RBC, Danske, and DB [4] - The announcement clarifies that the securities are not being offered for sale in the United States and have not been registered under the United States Securities Act of 1933 [5]

Core Viewpoint - BNP Paribas indicates that weak U.S. employment data this week may put pressure on the dollar, potentially leading to a breakout of the dollar against the yen from its recent trading range [1] Group 1: Employment Data Impact - The U.S. employment data set to be released on Friday is expected to influence the Federal Reserve's interest rate decisions, with a weak report increasing the likelihood of a rate cut [1] - A soft employment report could reinforce the correlation between foreign exchange and interest rates that was interrupted earlier in the year [1]

Core Viewpoint - Foreign capital is accelerating its entry into the A-share market, focusing on undervalued and small-cap stocks, as evidenced by significant investments from major foreign institutions like Goldman Sachs, Morgan Stanley, and UBS [2][6][22]. Group 1: Foreign Investment Trends - As of August 31, major foreign institutions have significantly increased their holdings in small-cap A-share companies, with notable performance in their investments this year [2][6]. - The average increase in stock prices for foreign-held shares has been impressive, with Citigroup leading at 83.72%, followed by UBS at 55.68% and Morgan Stanley at 52.46% [3][10][22]. Group 2: Individual Foreign Institutions - **Goldman Sachs**: Holds shares in 194 companies with an average price increase of 51.28% this year, indicating strong market confidence and potential for further growth [6][10]. - **Morgan Stanley**: Invested in 280 companies, achieving an average price increase of 52.46%, with expectations of continued inflow of global funds into the Chinese market [10][11]. - **UBS**: Asserts that the A-share market is in the early stages of a bull market, with significant growth in holdings and a focus on stocks with over 100% price increases [22][23]. Group 3: Notable Stock Performances - **Citi**: Notable stocks include those with over 100% price increases, such as Weichai Heavy Machinery (190.12%) and Innovation Medical (187.69%) [7][34]. - **Morgan Stanley**: Highlights stocks like Beifang Changlong (448.01%) and Huasheng Tiancai (224.45%) as top performers [10][11]. - **UBS**: Identifies top gainers such as Shangwei New Materials (1146.25%) and Changcheng Military Industry (488.15%) [22][23]. Group 4: Market Outlook - The overall sentiment among foreign investors is optimistic, with expectations of continued upward movement in the A-share market, supported by low current allocations in equities and potential inflows exceeding 10 trillion yuan [6][22].

Group 1 - The French government is facing significant political uncertainty as Prime Minister Borne announced a confidence vote in the National Assembly on September 8 to facilitate the 2026 budget process, amid ongoing opposition [1] - The French stock market reacted negatively, with the CAC 40 index opening down 1.51%, reflecting concerns over political and fiscal instability, particularly among major banking stocks [1] - Major banks such as BNP Paribas, Société Générale, and Crédit Agricole saw significant declines in their stock prices, with drops of 6.19%, 6.31%, and 4.51% respectively [1] Group 2 - The French Economy Minister, Eric Lombard, indicated that if the government fails to secure the confidence vote, there is a possibility of intervention from the International Monetary Fund regarding France's finances [2] - Lombard warned of a potential sharp rise in French government bond yields, suggesting that France could become the weakest among EU countries in terms of debt burden [2] - He expressed concern that within two weeks, France's debt load could surpass that of Italy, which would be alarming for the country [2]

Group 1 - European major stock indices opened collectively lower, with the German DAX30 down 0.56%, the UK FTSE 100 down 0.50%, the French CAC40 down 1.31%, and the Euro Stoxx 50 down 0.88% [1] - As of the report, the French CAC40 index's decline expanded to 1.89%, currently at 7694.59 points, with BNP Paribas shares falling 4.7%, marking the largest drop in the CAC40 index [1] - French Prime Minister Borne announced plans to request a confidence vote in the National Assembly, expected to take place on September 8, amid serious economic and political challenges facing France [1][2] Group 2 - Borne highlighted that public debt has been increasing by €12 million every hour over the past 20 years, with interest payments projected to become the largest budget item, estimated at €66 billion this year and potentially reaching €75 billion next year [1] - The decline in European stocks may also be influenced by U.S. President Trump's recent actions, including the dismissal of Federal Reserve Board member Lisa Cook over mortgage fraud allegations, which led to a drop in U.S. stocks and affected European market sentiment [2] - Morgan Stanley's latest forecast indicates that the Federal Reserve is expected to cut interest rates by 25 basis points in September and December, a shift from previous predictions that rates would remain unchanged until 2025 [2]