French bank BNP Paribas posts profit beat in 'lackluster' market environment

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BNP Paribas reported a net income of 1.92 billion euros for the first quarter, a jump of 22% from the same period the year before.

for the first quarter, a jump of 22% from the same period the year before.

The French bank updated its 2020 targets at the end of 2018, after facing some challenges that led to a 3% year-on-year drop in net income. At the time, BNP told CNBC that it was not looking to merge with other banks despite some difficulties at its corporate and institutional banking arms.

 

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