BNP Paribas 2Q Net Profit Largely Stable, Beating Expectations
01 Agosto 2018 - 12:36AM
Noticias Dow Jones
By Pietro Lombardi
BNP Paribas SA (BNP.FR) said Wednesday that its second-quarter
net profit was stable on the year, beating expectations despite it
taking a foreign-exchange hit, and with its corporate and
institutional banking business facing a more difficult
environment.
Net profit for the period was 2.39 billion euros ($2.80 billion)
compared with EUR2.40 billion a year earlier, France's largest
listed bank by assets said.
Revenue rose 2.5% on the year to EUR11.21 billion.
Analysts had expected the Paris-based bank to report a net
profit of EUR2.07 billion for the period on revenue of EUR10.93
billion, according to a consensus forecast provided by FactSet.
The bank's core tier 1 capital ratio--a key measure of capital
strength-slipped to 11.5% in June from 11.6% in March.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
August 01, 2018 01:21 ET (05:21 GMT)
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