French bank BNP Paribas reports bumper profit for 2022, boosts stock purchase plan
Publishing timestamp: 2023-02-07 10:08:36
Summary
BNP Paribas reported a 7% rise in net income for 2022 and revised up its profit targets. The French lender said it now aims to grow its net income by more than 9% between 2022 and 2025 and will execute share buybacks each year, particularly in 2023 when its share buyback program will total 5 billion euros. It is planning to pay out dividend of 3.90 euros. The bank plans to use the new capital to invest organically in businesses to accelerate growth.
Sentiment: POSITIVE
Keywords: banks, politics, europe news, business news, stoxx 600, european central bank, earnings, bnp paribas sa,
Source: https://www.cnbc.com/2023/02/07/bnp-paribas-bnp-fr-earnings-q4-fy-2022.html