BNP Paribas is set to release its second-quarter results on Thursday. Here are the key details:
Revenue Expectations
According to analysts at FactSet, BNP Paribas is projected to report 11.2 billion euros ($12.38 billion) in revenue for the second quarter. This would indicate a decline compared to the previous year’s second-quarter revenue of EUR11.54 billion.
Net Income Estimates
FactSet analysts also estimate that the French bank will report EUR2.42 billion in quarterly net income, as opposed to the net profit of EUR3.09 billion in the same period last year.
Key Factors to Monitor
Revenue Momentum
Jefferies analysts Flora Bocahut and Theo Massing suggest that the second quarter may present challenges for French banks, with a slowdown in revenue momentum. JPMorgan analysts further support this view, expecting a 6% average decline in second-quarter retail revenue for French banks. BNP Paribas could be affected by the general decrease in retail volumes, with JPMorgan forecasting a 4.1% decline in BNP’s retail revenue for the quarter.
Share Buyback
While the quarter may not offer significant catalysts for the bank, Jefferies anticipates that BNP Paribas will announce its intention to launch the second tranche of its share buyback.
We await the release of BNP Paribas’ financial results and look forward to analyzing the company’s performance.
