With 17 billion transactions from BNP Paribas and BPCE alone, the processor would be the No. 1 processor in France, and the two banks aim to make it a Top 3 processor in Europe, they said in a Thursday (June 13) press release. "With this new industrial partnership project, in line with our next strategic plan, we are taking an important step towards accelerating innovation in payments in the coming years," BPCE CEO Nicolas Namias said in the release. The partnership of the two banks aims to respond to the d ...

Investors interested in stocks from the Banks - Foreign sector have probably already heard of BNP Paribas SA (BNPQY) and National Australia Bank Ltd. (NABZY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Bonnafé's comments come at a time when Spain's BBVA launched a hostile takeover bid for domestic peer Sabadell, and French President Emmanuel Macron called for more banking consolidation in Europe, according to the report. However, Bonnafé argued that the economics of such deals rarely make sense, especially for non-domestic players, the report said. BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European b ...

Financial Data and Key Metrics Changes - The net income group share for Q1 2024 was €3.1 billion, with a stable revenue performance showing a decrease of 0.4% compared to Q1 2023 on a distributable basis [4][5] - Operating expenses decreased by 1.4% year-on-year on a distributable basis, resulting in a positive jaws effect of 1.1 points [7] - The cost of risk remained low at 29 basis points, reflecting the strong quality of the credit portfolio [8] - Pre-tax income reached €4.4 billion, representing a 7.4% year-on-year growth [9] - Earnings per share increased to €2.51, higher than the previous year [9] Business Line Data and Key Metrics Changes - Corporate and Institutional Banking (CIB) revenues were down 4% year-on-year, with Global Banking showing a record quarter with a 6% increase [19] - Commercial and Personal Banking (CPBS) revenues were stable year-on-year, with a 1% increase driven by growth in fees and net interest revenues [21][56] - Investment Solutions (IPS) revenues grew by 4% year-on-year when excluding real estate and principal investments, with strong growth in Wealth Management and Insurance [67] Market Data and Key Metrics Changes - The FICC business was impacted by a significant base effect from Q1 2023, but revenues were expected to normalize in future quarters [6][20] - The Belgian retail market faced headwinds due to government bond impacts, but overall performance was resilient [58][60] Company Strategy and Development Direction - The company confirmed its 2024 guidance, expecting revenue growth of more than 2% compared to 2023, supported by operational efficiency and strong risk management [11][12] - The strategic focus includes enhancing operational efficiency, with an additional €400 million in recurring annual savings expected to begin in Q2 2024 [7][28] - The company is also focusing on capital redeployment and partnerships to strengthen its market position, particularly in insurance and mobility sectors [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a net income exceeding €11.2 billion for 2024, with a more favorable environment anticipated in the second half of the year [11][12] - The management highlighted the importance of maintaining a strong risk management culture and the low cost of risk as key factors for future performance [30][31] Other Important Information - The company reported exceptional gains from the reconsolidation of BGZ Bank and the sale of personal finance activities in Mexico, contributing positively to Q1 results [17][18] - The company is committed to ESG initiatives, focusing on financing low-carbon energy production and exiting fossil fuels [41][42] Q&A Session Summary Question: Clarification on net profit guidance for 2024 and growth momentum into 2025 - Management confirmed that the 2024 net result is expected to be above 2023, with a central scenario indicating growth of more than 3% [78][80] Question: Rationale for the Ageas deal - The acquisition of a 9% stake in Ageas is aimed at strengthening the partnership and diversifying the portfolio, particularly in non-life insurance [81][82] Question: Revenue progression in French retail and margin development - Management indicated that the top line is evolving well, with expectations for margin improvement as inflation hedges taper off [87][88] Question: Cost flexibility and additional savings - The additional €400 million in cost savings reflects the company's operational efficiency and flexibility to deliver more savings if needed [110]

Investors interested in stocks from the Banks - Foreign sector have probably already heard of BNP Paribas SA (BNPQY) and United Overseas Bank Ltd. (UOVEY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis o ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-a ...

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 ...