BNP Paribas 3Q Net Profit Fell, Revenue Rose
31 Octubre 2019 - 12:36AM
Noticias Dow Jones
By Pietro Lombardi
BNP Paribas SA's (BNP.FR) third-quarter net profit fell 8.8%
from a year earlier, when results included a capital gain on a
stake sale, with the investment banking business posting a strong
performance.
Net profit for the period was 1.94 billion euros ($2.16 billion)
compared with the EUR2.12 billion reported in the same period last
year, France's largest listed bank by assets said Thursday.
Revenue rose 5.3% to EUR10.90 billion.
The results compare with analysts' expectations of EUR1.82
billion profit on revenue of EUR10.67 billion, according to a
consensus forecast provided by the FactSet.
Excluding exceptional items, net profit grew 3.4% on year.
Results for the third quarter of last year included the sale of a
stake in First Hawaiian Inc. (FHB).
The corporate and institutional banking division posted a
roughly 14% increase in pretax profit. Global markets revenue rose
almost 15%, with fixed-income revenue up roughly 35% and equities
and prime services revenue down 15%.
BNP's core Tier 1 capital ratio--a key measure of capital
strength--was 12% at the end of September, from 11.9% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 31, 2019 02:21 ET (06:21 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
BNP Paribas (EU:BNP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
BNP Paribas (EU:BNP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024