LONDON (ShareCast) - (Sharecast News) - French banking giant BNP Paribas has lowered its FY return on invested capital guidance following its €5.1bn acquisition of AXA's asset management unit.
BNP said on Monday that it now expects a return of more than 14% in the third year, down from 18%, but stated that the return was forecast to be more than 20% in the fourth year.

BNP's revised guidance comes hot on the heels of the European Central Bank's revised guidance on capital treatment, which will result in a 35 basis point hit to BNP's CET1 ratio, versus the 25 basis point impact it had originally anticipated.

BNP also noted that its share buyback and dividend plans remained unchanged.

As of 1020 BST, BNP Paribas shares were up 3.92% at €68.18 each.







Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE