(Boursier.com) — BNP Paribas lost 1% to 58.30 euros on Friday, while the shock observed in the banking sector last month has receded… Analysts are redoing while awaiting the update on the BNP file, like Jefferies who has raised the slider from 83 to 89 euros with a purchase notice on file. JP Morgan had already readjusted its target from 68 to 69 euros remaining ‘neutral’ and HSBC had previously raised its own to 78 euros, while Barclays is targeting 79 euros with an opinion to ‘overweight’. Citi had also upgraded the file to 75 euros with a notice to purchase. On the occasion of the publication of its 2022 results, the bank had specified its policy of return to shareholders… Thus, its Board of Directors decided to propose, during the General Meeting of May 16, to pay a dividend of 3.9 euros per share. This dividend will be paid in cash. The payment of this coupon corresponds to a distribution of 50% of the distributable result of 2022.
The return to the shareholder will thus be increased to 60% of the distributable income of 2022 by integrating the launch of a share buyback program of 962 million euros.
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The management of the banking group is now targeting average annual growth of more than 9% of its net income between 2022 and 2025, against a previous forecast of an increase of more than 7%. The establishment anticipates a return on equity of around 12% in 2025, against a forecast above 11% previously, with cost savings raised to 2.3 billion euros by this horizon…
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