BNP Paribas: Barclays raises target price
(CercleFinance.com) - Barclays confirms its 'overweight' recommendation on BNP Paribas shares, raising its target price from E88 to E90, in a note on the main French banking stocks ahead of their quarterly publications.
While we are broadly in line with consensus for the third quarter, we expect it to be positive for BNP Paribas, driven by revenues, costs and CET1, it says.
Barclays is most above consensus on Societe Generale for Q3, supported by higher equities revenues and CET1, but considers that net interest income in France remains the key.
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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.
While we are broadly in line with consensus for the third quarter, we expect it to be positive for BNP Paribas, driven by revenues, costs and CET1, it says.
Barclays is most above consensus on Societe Generale for Q3, supported by higher equities revenues and CET1, but considers that net interest income in France remains the key.
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.