BNP Paribas Act. Cat.A

BNP: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€76.00	Ddqg	Prppfvyv

BNP Paribas' Second-Quarter 2022: Revenue Growth Supported by All Divisions

Niklas Kammer

Jul 29, 2022

No-moat BNP Paribas booked a net attributable profit of EUR 3.2 billion for the second quarter of 2022, up 9% from the EUR 2.9 billion it reported last year. Income generation was solid, up 10%, outpacing 8% higher operating expenses leading to a positive jaw effect. We maintain our EUR 67 fair value estimate.

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