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Posted by
Two Blokes Apr 25 -
Filed in
Stock
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5 views
Despite plenty of tariff-related uncertainty, shares of France's BNP Paribas have been a good performer since my last update in February, returning around 17%. The bank recently released first quarter results. While the top and bottom lines largely mirrored consensus, results were buoyed by trading income, while operating costs also landed higher than expected. These shares continue to trade at a clear discount to tangible book value, affording today's buyer a healthy margin of safety.
