Full Year 2024 BNP Paribas SA Earnings Call Transcript

Feb 04, 2025 / 01:00PM GMT

Release Date Price: CHF55.5

Transcript

Key Points

Positve

BNP Paribas (BNPQF) reported a strong 16% year-on-year increase in net profit for Q4 2024, reaching EUR 2.3 billion.
The company achieved a 10.8% revenue growth year-on-year, driven by impressive performances across its divisions.
CIB division posted a remarkable 20.1% revenue growth, with Global Markets revenue up by 32.4%.
The company confirmed its distribution policy with a 60% payout ratio and announced an interim dividend starting in 2025.
BNP Paribas (BNPQF) has a strong capital position with a CET1 ratio of 12.9%, up 20 basis points quarter-on-quarter.

Negative

Real estate continues to weigh on the IPS division, despite overall strong growth in Insurance, Wealth Management, and Asset Management.
The Belgian market remains challenging due to tough competition, affecting deposit levels and revenue growth.
Used car sales results at Arval have been lower, impacting the CPBS division's performance.
The company faces regulatory headwinds, including potential impacts from Basel 4 and FRTB implementations.
There is a need for continued cost discipline and efficiency measures to offset inflation and fund growth.

Operator

Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas fourth quarter 2024 results with Jean-Laurent Bonnafe, Group Chief Executive Officer; and Lars Machenil, Group Chief Financial Officer.

For your information, this conference call is being recorded. Supporting slides are available on BNP Paribas' IR website. (Operator Instructions)

I would like now to hand the call over to Jean-Laurent Bonnafe, Group Chief Executive Officer. Please go ahead, sir.

Jean;Laurent Bonnafe

BNP Paribas SA - Chief Executive Officer, Member of the Executive Committee, Director

Thank you. So good afternoon, ladies and gentlemen. I'm pleased to present to you today a summary of our strong fourth quarter results. We will also be providing detail on our trajectory of profitability and capital return for '25 and '26. We'll be relatively short on divisional details as you have most of them in our documents.

So on slide 4. On fourth quarter '24, net profit is up a strong 16% year-on-year to EUR2.3 billion.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.