BalkansCat BNP Paribas SA (OTCQX:BNPQF) is currently offering a high dividend yield that is sustainable over the long term, and its valuation is not demanding compared to peers, making it a good income play right now for long-term investors. Business Overview BNP Paribas is a French bank, being one of the largest banking groups in Europe and across the globe. At the end of 2023, its total assets were above $2.8 billion, a level that is close to HSBC Holdings (HSBC) and higher than other European peers, ...

For more than two years now, very little seemed to go right for Medical Properties Trust (MPW -5.86%). Interest rates soared. Key tenants were on shaky ground. The once-growing dividend was slashed. And the share price plunged.Unsurprisingly, there's considerable negativity surrounding the healthcare real estate investment trust (REIT) these days. But it's not all doom and gloom. The 13.5%-yielding dividend stock could soar 35% over the next 12 months, according to one analyst.A big upgradeBNP Paribas analy ...

Blackstone Inc. (BX) enters a partnership with BNP Paribas SA (BNPQY) to form a new fund financed by French individuals. The aim of the fund will be to invest in companies in private debt.Notably, the private credit market has gained importance as an alternative source of financing for companies, especially those that face difficulties accessing traditional bank loans or prefer a more flexible and tailored financing structure.BX’s vehicle, dubbed “Blackstone Credit Privé Europe SC,” aims to tap into the lar ...

BNP Paribas SA (OTCQX:BNPQF) Full Year 2023 Earnings Conference Call February 1, 2024 8:00 AM ET Company Participants Jean-Laurent Bonnafé – Chief Executive Officer Lars Machenil – Chief Financial Officer Yann Gérardin – Chief Operating Officer, Corporate and Institutional Banking Conference Call Participants Stefan Stalmann – Autonomous Research Anke Reingen – RBC Delphine Lee – JPMorgan Tarik El Mejjad – Bank of America Geoff Dawes – S&G Chris Hallam – Goldman Sachs Jacques-Henri Gaulard – Kepler Cheuvreu ...

| --- | --- | |------------------------|-----------------| | | | | RESULTS 2023 FULL YEAR | | | | 1 February 2024 | The bank for a changing world Disclaimer The figures included in this presentation are unaudited. As a reminder, on 2 May 2023, BNP Paribas reported restated quarterly series for 2022 to reflect for each quarter: (i) the application of IFRS 5 relating to disposal groups of assets and liabilities held for sale, following the sale of Bank of the West on 1 February 2023; (ii) the application of I ...

Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas.The Paris prosecutor’s office is looking into allegations of “aggravated money laundering” connected to transfers made by a Cyprus-based brokerage that worked with BNP Paribas’ custodian unit, Reuters reported Tuesday (Dec. 26), citing Le Monde.The investigation involves transfers worth several hundreds of millions of euros and dollars made by TCR International Limited between 2019 and 2021, the report said. ...

THIRD QUARTER 2023 RESULTS 26 October 2023 The bank for a changing world Disclaimer The figures included in this presentation are unaudited. On 2 May 2023, BNP Paribas reported restated quarterly series for 2022 to reflect for each quarter: (i) the application of IFRS 5 relating to disposal groups of assets and liabilities held for sale, following the sale of Bank of the West on 1 February 2023; (ii) the application of IFRS 17 (Insurance Contracts) and the application of IFRS 9 for insurance entities, effec ...

BNP Paribas SA (OTCQX:BNPQF) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Lars Machenil - Group CFO Conference Call Participants Tarik El Mejjad - Bank of America Merrill Lynch Matthew Clark - Mediobanca Flora Benhakoun - Jefferies Giulia Miotto - Morgan Stanley Jacques-Henri Gaulard - Kepler Cheuvreux Delphine Lee - JPMorgan Chase & Co. Pierre Chedeville - CIC Market Solutions Stefan Stalmann - Autonomous Mate Nemes - UBS Anke Reingen - RBC Capital Markets Kirishanthan Vi ...

Financial Data and Key Metrics Changes - BNP Paribas reported a distributable net income of €2.8 billion for Q1 2023, with earnings per share (EPS) of €2.19, representing a 43% increase year-on-year [7][10] - The underlying group's revenue growth was 5.3% year-on-year, with operating expenses increasing by only 3.8%, resulting in a positive jaws effect of 1.5 points [8][9] - The cost of risk was low at 28 basis points, significantly below the guidance of less than 40 basis points [9][27] Business Line Data and Key Metrics Changes - Corporate and Institutional Banking (CIB) revenues increased by 4%, driven by strong performance in Global Banking and Securities Services [22] - Commercial, Personal Banking and Services (CPBS) saw a revenue increase of 5.9%, supported by strong commercial and personal banking activities [22][43] - Investment and Protection Services (IPS) revenues rose by 0.6%, with strong growth in Insurance and Wealth Management offset by weaker performance in Asset Management [50][51] Market Data and Key Metrics Changes - The liquidity coverage ratio (LCR) improved to 139%, up 10 percentage points from December 2022, indicating strong liquidity management [9][30] - The common equity Tier 1 ratio stood at 13.6%, reflecting a solid financial structure post the sale of Bank of the West [9][28] Company Strategy and Development Direction - BNP Paribas aims to achieve its ambitious targets for 2023 and 2025, focusing on organic growth and avoiding acquisitions of other banks [5][58] - The company plans to redeploy proceeds from the sale of Bank of the West to enhance long-term growth, with a focus on maintaining a strong balance sheet [18][58] - The strategic plan emphasizes financing the energy transition and supporting clients in transitioning to a sustainable economy [34][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, anticipating continued growth despite potential economic challenges [60] - The company does not foresee a recession in Europe, expecting only sluggish growth, supported by strong client activity and favorable commodity prices [60] - Management confirmed that the distributable income for 2023 is expected to exceed €11.2 billion, with confidence in maintaining performance levels throughout the year [64][67] Other Important Information - BNP Paribas launched the first tranche of a €2.5 billion share buyback program, with plans for a total of €5 billion in buybacks for the first half of the year [10][17] - The company is committed to a socially responsible strategy, focusing on diversity, inclusion, and employee development as part of its People Strategy 2025 [35] Q&A Session Summary Question: Update on Bank of the West capital deployment - Management confirmed that the redeployment will be organic, focusing on existing client relationships and avoiding acquisitions of other banks [58] Question: Impact of U.S. banking crisis on lending growth - Management indicated that the situation in the U.S. differs from Europe, with no anticipated systemic issues in the Eurozone banking environment [60] Question: Guidance on distributable income for 2023 - Management expressed confidence that the run-of-the-mill business will compensate for the impact of the Bank of the West sale, maintaining similar performance levels throughout the year [64][67] Question: Cost of risk sustainability - Management stated that while the current cost of risk is low, it is expected to remain below 40 basis points, with a focus on prudent provisioning [71] Question: Share buyback completion timeline - Management plans to complete the first tranche of the buyback by September, with ECB permission sought beforehand [70]

Financial Data and Key Indicator Changes - BNP Paribas reported a net income growth of 7.5% year-on-year, reaching €10.2 billion, with a 19% increase when excluding exceptional items [5][6] - The Group achieved a revenue growth of 9% year-on-year, with Corporate and Institutional Banking (CIB) up 15.7%, Commercial and Personal Banking Services (CPBS) up 9.3%, and Investment and Protection Services (IPS) up 3% [5][26] - The cost of risk remained low at 31 basis points of loans outstanding, and the Group's core Tier 1 ratio increased by 20 basis points to 12.3% as of December 2022 [7][33] Business Line Data and Key Indicator Changes - CIB revenues grew by 15.7%, driven by strong client activity and market share gains, particularly in global markets and security services [26][56] - CPBS revenues increased by 9.3%, supported by a favorable interest rate environment and strong performance in commercial and personal banking [63][68] - IPS revenues rose by 3%, with strong inflows in wealth management despite a challenging market environment [78][84] Market Data and Key Indicator Changes - The Group anticipates a positive impact of higher interest rates, expecting an additional €2 billion in net interest income by 2025, primarily benefiting CPBS [15][16] - The sale of Bank of the West is expected to enhance the Group's capital position, contributing approximately 170 basis points to the core Tier 1 ratio [12][36] Company Strategy and Development Direction - BNP Paribas aims to boost organic growth and make targeted investments in technology and sustainable business models, with a focus on maintaining a disciplined approach to growth [14][87] - The strategic plan "Growth, Technology & Sustainability 2025" has been revised upwards, with a new target for compound annual growth in net income of more than 9% [16][87] - The Group plans to execute a €5 billion share buyback program in 2023 to enhance shareholder returns [9][87] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Group's ability to deliver strong growth in net income and EPS, driven by disciplined cost management and a favorable interest rate environment [20][87] - The Group anticipates that 2023 will be a pivotal year, with adjusted distributable income expected to increase by €1 billion [18][20] Other Important Information - The sale of Bank of the West was completed for a total consideration of $16.3 billion, resulting in a net capital gain of around €3 billion [12][11] - BNP Paribas is committed to financing the energy transition, with specific targets for sustainable loans and investments by 2025 [46][48] Q&A Session Summary Question: Can you explain the organic growth expectations for 2023? - Management indicated that organic growth will be driven by a combination of net interest income and cost management, with a target of exceeding €11 billion in distributable income for 2023 [90][94] Question: What are the capital impacts from regulatory changes? - Management confirmed that the only expected impact is from IFRS 17, which will reduce the common equity Tier 1 ratio by 10 basis points [97][98] Question: How much of the €7.6 billion from the Bank of the West sale has been redeployed? - Management stated that the focus will be on growing activities that generate fees and commissions, with no plans to acquire another bank [100][101]