BNP Paribas posts surge in trading revenue
France's biggest bank joins European peers in signalling an eventual return to dividend payments
03 November 2020 - 17:21
Paris — BNP Paribas got a bigger-than-expected boost from trading and painted a relatively optimistic picture of the pandemic’s impact on its loan book, as it joined European peers in signalling an eventual return to dividend payments.
Third-quarter revenue from trading fixed income, currencies and commodities surged 36% to €1.25bn, the Paris-based bank reported on Tuesday, surpassing the €1bn estimate from analysts polled by Bloomberg. Equity trading revenues rose 21.4%, beating the highest estimate, after two disappointing quarters...
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