France’s BNP Paribas beats earnings forecasts on bumper trading

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Shares jump almost 5% as bank reaffirms plans to return 60% of net income to investors via IrishTimesBiz

French bank BNP Paribas posted a better than expected 19 per cent rise in net income in the first quarter as trading boomed and reaffirmed its medium-term profitability targets, sending its shares higher.

“BNP Paribas had a massive earnings beat, driven in particular by strong revenues,” analysts at Jefferies said in a note. “The revenue beat is largely thanks to markets,” they added.

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