BREAKING NEWS

BREAKING NEWS

BNP Paribas results surprisingly good

Now Reading:

BNP Paribas results surprisingly good

Text size Aa Aa

France’s biggest bank, BNP Paribas, has posted first-quarter profits well ahead of analysts’ forecasts.

That was thanks to higher earnings at its high-street and investment banking operations. Net profit was 1.56 billion euros – 21 percent down on the same period last year – but a marked improvement on the previous quarter’s net loss of 1.37 billion euros. BNP Paribas’ shares rose 7.6 percent in reaction.