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BNP Paribas Posts 14% Net Income Rise in Q3 and Launches 1.3 Billion Euro Share Buyback
Read this in the Market Flux appBNP Paribas reported third-quarter net income of 3.46 billion euros, a 14% increase that beat analyst forecasts of 3.18 billion euros, driven by strong performance in its investment banking division and higher interest rates lifting its retail business. Revenue came in at 13.76 billion euros, ahead of the 13.53 billion euro consensus estimate, while FICC sales and trading revenue matched expectations at 1.22 billion euros.
The French lender also announced a 1.3 billion euro share buyback and confirmed it expects its full-year CET1 capital ratio to remain above 13%, in line with analyst estimates. The one soft spot in the results was a loan-loss provision of 964 million euros, which came in higher than the 871.2 million euro forecast, signaling some caution around credit quality.
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Sources
- LiveSquawkBNP Paribas Q3 26 Earnings: • Rev: €13.76B (est €13.53B) • Net Income: €3.46B (est €3.18B) • Loan-Loss Provision: €964M (est €871.2M) • FICC Sales & Trading Rev: €1.22B (est €1.22B) • Sees FY CET1 Ratio Above 13% (est 13%)
- PiQMarketsBNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback BNP Paribas posted a 14% rise in third-quarter net income to €3.46 billion, beating analyst forecasts and announcing a €1.3 billion share buyback. The French lender's results were boosted by its investment banking division and higher interest rates in its retail business.
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- BusinessBNP Paribas reported a surge in revenue from equities trading and announced a new share buyback, as the French lender continues to benefit from the build-out of its investment bank.
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