BNP Paribas Profit Falls But Beats Forecasts
28 Julio 2017 - 12:48AM
Noticias Dow Jones
By Matthew Dalton and Noemie Bisserbe
PARIS--French bank BNP Paribas SA (BNP.FR) reported
better-than-expected net profit for the second quarter, aided by
strong results at its corporate and investment banking
business.
The Paris-based lender, France's largest listed bank by assets,
said Friday net profit fell 6.4% to 2.4 billion euros ($2.8
billion), from EUR2.56 billion a year earlier. That beat analysts'
expectations for a profit of EUR1.94 billion, according to a poll
by data provider FactSet.
Revenue declined 3.4% to EUR10.94 billion. Excluding a one-time
capital gain of EUR597 million in the quarter a year ago, revenue
in the second quarter rose.
-Write to Matthew Dalton at matthew.dalton@wsj.com and Noemie
Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
July 28, 2017 01:33 ET (05:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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