Reported about 5 hours ago
BNP Paribas has reported a significant increase in quarterly earnings, surpassing forecasts driven by a surge in trading activity, which has positively impacted the bank's stock price. CEO Jean-Laurent Bonnafe's focus on the investment banking division is proving successful amidst challenges in retail operations. The bank announced a dividend increase and a share buyback program, although it also adjusted its profit outlook for 2025 downwards, highlighting a more cautious approach moving forward.
Source: YAHOO