BNP Paribas: Oddo BHF remains positive after Q2 results
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' opinion on BNP Paribas shares, adding a euro to its target price, from E78 to E79, to take into account the good Q2 net income announced by the banking group.
The broker highlights 3% above-expectations revenues, driven by equity market activities, and deems 'very cautious' the target maintained by the group for 2024 of a net income of over E11.2bn.
The stock remains very attractive in terms of risk/reward, as BNP Paribas is highly diversified with a solid balance sheet and prospects for revenue growth, the analyst says, pointing to a value of just 0.72x tangible equity at end-June.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker highlights 3% above-expectations revenues, driven by equity market activities, and deems 'very cautious' the target maintained by the group for 2024 of a net income of over E11.2bn.
The stock remains very attractive in terms of risk/reward, as BNP Paribas is highly diversified with a solid balance sheet and prospects for revenue growth, the analyst says, pointing to a value of just 0.72x tangible equity at end-June.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.