by Amruth Sundarkumar | Aug 1, 2022 | Banks, Global
French lender BNP Paribas reported a 9.1% YoY growth in net income to €3.2bn ($3.3bn) in Q2. Total revenues came in at €12.8bn ($13.1bn), up 8.5% YoY. Revenue and net income beats analyst expectations of €12.2bn ($12.5bn) and €2.7bn ($2.8bn) respectively. BNP’s...
by Amruth Sundarkumar | May 4, 2022 | Banks
BNP Paribas reported a 19% YoY jump in net income to €2.1bn. Total revenues were at €13.2bn, up 12% YoY. Its results were benefitted by a surge in its equities and fixed income trading revenues. Equity trading revenues jumped 61% to €1.1bn and FICC revenues were at...
by Amruth Sundarkumar | Feb 16, 2022 | Financial News
Large banks led by Barclays, including HSBC, BNP Paribas, Mizuho Financial, Mitsubishi UFJ, RBC have lost millions of their own money in addition to wiping out fees from underwriting more than $1.2bn of bonds and loans for Covis Pharmaceuticals. According to Bloomberg...
by Megha Malhotra | Feb 9, 2022 | Banks
BNP Paribas reported a jump in its annual 2021 profits by 34.3% to €9.5bn ($10.9bn). The group’s revenues rose 4.4% to €46.2bn ($52.8bn). Profits were helped by its cost of risk falling 49% through the year to €2.9bn ($3.3bn) alongside a sharp 46% rise in...
by Amruth Sundarkumar | Nov 1, 2021 | Banks
French banking major BNP Paribas reported a 32% YoY jump in net income to €2.5bn ($2.9bn). Profits were helped by a release in provisions for pandemic-related loan losses seen by its cost of risk falling 43% to €706mn ($823). Revenues came at €11.4bn ($13.3bn), up...
