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BNP Paribas sees path to around 50% cost-income ratio over time, CEO says

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BNP Paribas sees path to around 50% cost-income ratio over time, CEO says

BNP Paribas said it sees a path to bringing its cost-income ratio down to around 50% over time by stepping up efficiency measures. The statement is a modestly positive signal on operating leverage, but it is not tied to near-term financial targets or quantified savings.

Analysis

BNP Paribas said it sees a path to bringing its cost-income ratio down to around 50% over time by stepping up efficiency measures. The statement is a modestly positive signal on operating leverage, but it is not tied to near-term financial targets or quantified savings.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.08

Ticker Sentiment

BNPQY0.18