“This is very much at the start-up phase, where investment costs are more significant than revenue. In the long term, it may be possible to boost revenue once the technology improves.”
“The market has been going up a bit too strong, too quickly and we may now get a reality check from companies. There's been some good earnings, but some important disappointments.”
“BNP did well in all the main divisions, especially in the businesses linked to the market. Still, these results are less impressive than those of its competitors.”
“I pretty much liked everything about these results. They were above expectations. The good performance of businesses such as retail banking and equity derivatives doesn't reverse that quickly, so the trend should continue in the first quarter at least.”
“They have an opportunistic approach to the U.S.. They buy banks in the rich, western states, such as Hawaii, they look for franchises they can improve and don't pay too much for them.”
