BNP Paribas Act. Cat.A
BNP: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€73.00 | Xdyx | Grtnvtn |
BNP Paribas Reported Strong Earnings Growth on Its First Quarter
No-moat BNP Paribas reported a net attributable profit of EUR 2.1 billion for the first quarter of 2022 compared with EUR 1.8 billion a year earlier. The 19% year-on-year growth in earnings was driven by a 10% increase in operating income and a 49% decline in loan-loss provisions. We maintain our EUR 67 fair value estimate.