PARIS, Oct 26 - BNP Paribas' shares slipped on Thursday, amid a wider European banking sector sell-off, after weaker-than-expected French retail and consumer finance results from the lender.
Third-quarter earnings at BNP's retail business in France and Italy missed expectations on weaker revenues and higher provisions, analysts at Jefferies and JP Morgan said. Group sales over the three-month period ending in September rose by 4% to 11.58 billion euros, slightly above the 11.52 billion euro consensus.
BNP's overall revenue from trading fell by more than 9% in the third quarter, as FICC sales fell 14.3% excluding the boost from a business the bank moved from equities to FICC.
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