{
}
BNP Paribas Exane has adjusted its price target for O'Reilly Automotive to $1,513 from $1,528 while maintaining an outperform rating. O'Reilly Automotive, a leading distributor of automotive parts in the U.S. and Mexico, offers products under various brands and operates 6,157 stores. The company's offerings include automotive parts, maintenance products, and accessories.
RBC has maintained its price target for BNP Paribas following the bank's Q1 results. As France's largest banking group, BNP Paribas generates its net banking product primarily from retail banking (52.1%), finance and investment banking (35.9%), and institutional and private management and insurance (11.7%). By the end of 2024, the bank managed EUR 1,034.8 billion in current deposits and EUR 900.1 billion in current loans, with a geographical distribution of 81.3% in Europe/Middle East/Africa, 10% in America, and 8.7% in Asia/Pacific.
RBC Capital Markets maintains an 85 euro price target and an outperform rating for BNP Paribas following strong first-quarter results. The bank aims for a return on tangible equity of 11.5% to 12% by 2025-2026, leveraging favorable market conditions and corporate investments, though long-term revenue targets remain challenging.
BNP Paribas is in discussions with the European Central Bank regarding its acquisition of an AXA unit through its insurance arm. The ECB is evaluating whether the transaction qualifies for the Danish Compromise capital framework or should be classified as an asset management acquisition, which would not be eligible for favorable treatment.
Access to the page has been denied. However, BNP Paribas has confirmed its 2025 Return on Tangible Equity (ROTE) target of 11.5%. This affirmation reflects the bank's commitment to achieving its financial goals in the coming years.
BNP Paribas's CEO Jean-Laurent Bonnafe expressed optimism about seizing opportunities amid a trade war-induced economic slowdown, despite the bank's mixed first-quarter results showing a 4.9% drop in net income to €2.95 billion. While revenues surged in its investment banking division, rising costs and sluggish retail performance, particularly in Italy, raised concerns among investors, leading to a 1.7% drop in shares. Bonnafe reaffirmed the bank's growth targets for 2024-26, emphasizing the need for European reinvestment amid fiscal spending plans.
BNP Paribas has published the 1st amendment to the English version of its Universal Registration Document and Annual Financial Report for 2024. This amendment was filed with the Autorité des Marchés Financiers (AMF) on April 24, 2025, and is available on both BNP Paribas' and AMF's websites.
BNP Paribas is enhancing its asset management capabilities by acquiring AXA Investment Managers through its subsidiary, Cardif. This strategic move is under scrutiny by the European Central Bank (ECB), particularly regarding its impact on capital requirements, with a potential 35 basis points increase in the CET1 ratio.The acquisition could lead to significant shifts in the banking and asset management landscape, especially if it receives 'Danish Compromise' status, which may reduce capital pressures for banks with insurance arms. The ECB's review underscores the ongoing challenge of balancing regulatory integrity with financial growth in Europe's banking sector.
BNP Paribas reported a 4.9% year-on-year decline in net profit, impacted by exceptional items, including a €226m effect from Ukraine activities. Despite this, the bank's revenues rose 3.8% to €12.96bn, driven by strong performance in corporate and investment banking, while retail banking showed modest growth. The bank aims for over 7% average annual net profit growth, with a CET1 ratio of 12.4% and ongoing cost reduction initiatives.
BNP Paribas CFO Lars Machenil outlined two components of the bank's €5.1 billion acquisition of AXA's asset management arm, highlighting differing capital requirements from the European Central Bank. The deal includes a long-term contract and the acquisition of AXA IM, leading to a 10 basis point increase in expected capital burden on its CET1 ratio. Discussions with the ECB are ongoing regarding the classification of the transaction as either insurance or asset management.
BNP Paribas SA
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
O'Reilly Automotive Price Target Adjusted by BNP Paribas Exane to 1513
United States Dollar
Wix.com Ltd.
BP Castrol K.K.
Valvoline Inc.
Bosch Limited
O'Reilly Automotive, Inc.
Dorman Products, Inc.
STP USD
Moog Inc.
Standard Lithium Ltd.
BNP Paribas SA
USA
MEX
Show more
15:38 25.04.2025
RBC Upgrades BNP Paribas Price Target Following Strong Q1 Performance
13:23 25.04.2025
RBC Capital Markets optimistic about BNP Paribas growth potential and targets
13:09 25.04.2025
bnp paribas negotiates with ecb over axa unit acquisition classification
08:17 25.04.2025
bnp paribas confirms 2025 return on tangible equity target of 11.5 percent
18:47 24.04.2025
BNP Paribas CEO optimistic on European growth despite mixed quarterly results
Euro
Morgan Stanley
AXA SA
Citigroup Inc.
JPMorgan Chase & Co.
BNP Paribas SA
Bank of America Corporation
ITA
FRA
UKR
Jean-Laurent Bonnafé
Show more
18:37 24.04.2025
BNP Paribas publishes first amendment to 2024 financial report in English
18:18 24.04.2025
bnp paribas acquires axa investment managers amid regulatory scrutiny
17:25 24.04.2025
bnp paribas reports mixed results amid strong trading and investment growth
17:05 24.04.2025
BNP Paribas CFO outlines capital impact of AXA IM acquisition deal
16:15 24.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: