BNP Paribas Act. Cat.A

BNP: XPAR (FRA)

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BNP Paribas Earnings: FICC Trading Saves the Day

Johann Scholtz

Oct 31, 2024

BNP Paribas reported a net income of EUR 2.9 billion for the third quarter of 2024, which was in line with the consensus estimate of analysts polled by BNP. Net income declined by 16% compared with what BNP booked in the previous quarter, with a 7% decline in pretax profits exacerbated by the normalization of BNP's tax rate. Revenue grew by 3% year on year, with a particularly strong performance from BNP's fixed-income, currency and commodities, or FICC, trading operations. However, the retail banking businesses in France, Belgium, and Italy, leasing operator Arval and the equity trading business, all missed consensus revenue expectations.

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BNP Paribas Act. Cat.A

BNP Paribas Earnings: FICC Trading Saves the Day

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