Französische Großbank: BNP Paribas übertrifft Gewinnerwartungen – Milliarden-Aktienrückkauf
Angetrieben wurde das Quartalsergebnis vor allem vom Aktienhandel. Damit konnte BNP Paribas den Sorgen von Investoren über mögliche Belastungen durch den Anleihemarkt entgegentreten.
BNP Paribas, France's largest financial institution, surpassed analysts' expectations in the third quarter, earning more than anticipated and announcing a billion-dollar share buyback. Net profits rose 14% to €3.46 billion, exceeding the average analyst prediction of €3.23 billion. The bank plans to acquire its own shares worth €1.3 billion in November, having already met its target for the core capital ratio ahead of schedule.
The surge in earnings was primarily driven by equity trading, with revenues up 50%. This performance has put BNP Paribas ahead of the five largest US competitors, which grew by an average of 37% in this area. Despite investor concerns about potential burdens from rising French government bond yields, the bank limited its exposure to around €19 billion by the end of September. France's contribution to the bank's pre-tax profit last year was less than 10%.
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