BNP Paribas Q4 Profit Rises, Updates 2020 Plan Targets - Quick Facts
French lender BNP Paribas (BNPQY.PK,BNP.L) reported Wednesday that its fourth-quarter net income attributable to equity holders was 1.442 billion euros, up 1.1% from last year's 1.426 billion euros.
Net income included the spot impact, at the closing date, of the sharp fall in the markets on the revaluation of the residual stake in First Hawaiian Bank and on part of the insurance portfolios of negative 220 million euros.
Pre-tax income fell 20.7 percent to 1.68 billion euros from 2.12 billion euros a year ago. It was down by 12.2% for operating divisions.
Revenues for the quarter totaled 10.16 billion euros, down 3.5% from 10.53 billion euros last year, which included an exceptional item of 11 million euros in Own Credit Adjustment or OCA and own credit risk included in derivatives or DVA. Revenues were down by 2.7% at constant scope and exchange rates.
Further, the company said its Board of Directors will propose at the Shareholders' Meeting the payment of a dividend of 3.02 euros per share, stable compared to 2017, payable in cash.*
https://www.rttnews.com/2976517/bnp-paribas-q4-profit-rises-updates-2020-plan-targets-quick-facts.aspx
-
in other words do not sell our stock we are going to bribe you to be a HODL'er. Banks should not pay dividends imo. It should be owned based on performance of the bank and not a cheap gimmick to tempt you into holding it.
See cap for recent sale from BNP of First Hawaiian Bank.
https://www.secform4.com/insider-trading/36377.htm
cap sauce