BUZZ-BNP Paribas edges up on Q4 earnings beat, 2026 targets

Shares in BNP Paribas BNPP.PA edge up around 2%, paring earlier gains of more than 3%, after the bank's earnings, new 2026 targets came-in above expectations

The French lender beats expectations by 4% for Q4 net income, coming at 2.32 bln euros ($2.40 bln), and revenues, at 12.14 bln euros

"Strong underlying trends at Q4 with a pre-provision beat driven by strength in CPBS (Commercial, Personal Banking & Services) and CIB (Corporate & Investment Banking) in particular," says RBC in a note

For 2026, the bank expects a ROTE of 12% and forecasts an average annual growth rate of group net income of more than 7% over 2024-2026

While RBC notes the 2026 ROTE target was reiterated (with a consensus at 10.9%), the brokerage flags the new 2024-2026 net income CAGR points to at least a 4% consensus upgrade

Stock is among best performers on France CAC40 FCHI. and SBF SBF120 indices

($1 = 0.9700 euros)

($1 = 0.9683 euros)