BNP Paribas it publishes accounts to frame and in Paris the stock celebrates with an increase of nearly 3% to 48,81 euros, after having reached an intraday high of 49,30 euros.
The first quarter of 2019 closed with a Net income equal to 1,918 billion euros, up by 22,4% compared to the same period of 2018. The revenues instead they rose by 3,2% to 11,14 billion euros. Both results beat analysts' expectations.
Il gross operating result recorded an increase of 6,2% to 2,69 billion while the net operating result it remained substantially stable at 1,92 billion (+0,2%).
- uses increased by 4,2%, the common Equity Tier 1 was equal to 11,7% (-10 basis points compared to 31 December 2018 due to the impact of the new accounting standard IFRS 16 and the postponement to the next quarters of the securitisations envisaged in this quarter). The leverage ratio2 stood at 4,2 per cent. The cash reserves immediately available of the group are equal to 335 billion euros, equivalent to over a year of leeway with respect to market resources.
The group “actively implements its 2020 plan and conducts an ambitious policy of social engagement, with high impact initiatives in favor of ethical responsibility, social and environmental innovation and a low carbon economy, while strengthening its of internal control and compliance”, reads the company note.
