BNP Paribas Act. Cat.A
BNP: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€37.00 | Gvxr | Lmmlxprqb |
BNP Paribas' Second-Quarter 2022: Revenue Growth Supported by All Divisions
No-moat BNP Paribas booked a net attributable profit of EUR 3.2 billion for the second quarter of 2022, up 9% from the EUR 2.9 billion it reported last year. Income generation was solid, up 10%, outpacing 8% higher operating expenses leading to a positive jaw effect. We maintain our EUR 67 fair value estimate.