BNP Paribas says results ahead of profit guidance


All divisions are either in line or ahead of consensus, analysts at Jefferies said.

PARIS: A surge in currency and commodity trading helped French bank BNP Paribas beat profit expectations in the third quarter, despite low interest rates eating into its margins.

Bumper trading volumes have helped most major European banks show better-than-expected third-quarter earnings, along with a more optimistic outlook on loan losses caused by the financial fallout from Covid-19.

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