Archive · Business Recorder
BNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback
BNP Paribas posted a forecast-beating rise in third-quarter profit on Wednesday, aided by its investment bankers, as the lender announced a €1.3 billion ($1.45 billion) share buyback and played down the impact of soaring government bond yields. France’s BNP said quarterly net income climbed 14% to €3.46 billion, beating the €3.23 billion average forecast of analysts polled by the bank. Revenue at the euro zone’s biggest bank by assets rose year-on-year to €13.76 billion, slightly above expectations. BNP is reporting alongside a flurry of European banks this week including Deutsche Bank, UBS, a...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →