BNP Paribas Act. Cat.A

BNP: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€21.00	Lqly	Cvjnvdwh

BNP Paribas Reported Strong Earnings Growth on Its First Quarter

Niklas Kammer

May 3, 2022

No-moat BNP Paribas reported a net attributable profit of EUR 2.1 billion for the first quarter of 2022 compared with EUR 1.8 billion a year earlier. The 19% year-on-year growth in earnings was driven by a 10% increase in operating income and a 49% decline in loan-loss provisions. We maintain our EUR 67 fair value estimate.

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