BNP Paribas beats quarterly expectations as equity trading rebounds
- Date: 30-Apr-2021
- Source: Zawya
- Sector:Financial Markets
- Country:Middle East
BNP Paribas beats quarterly expectations as equity trading rebounds
PARIS - France's BNP Paribas on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand.
The euro zone's biggest listed lender said net profit rose 37.9% to 1.77 billion euros ($2.14 billion) from a year earlier, beating a mean forecast for 1.20 billion in a poll of analysts compiled by Refinitiv.