BNP Paribas increased net profit

Noam Stiekema

BNP Paribas increased its net profit by 11% yoy in the third quarter. Higher revenues from trading financial instruments with fixed income and international operations support retail financial result in the period. In fact, the credit institution is returned to profit after a realized loss in the second quarter – the first since the financial […]

BNP Paribas

BNP ParibasBNP Paribas increased its net profit by 11% yoy in the third quarter. Higher revenues from trading financial instruments with fixed income and international operations support retail financial result in the period. In fact, the credit institution is returned to profit after a realized loss in the second quarter – the first since the financial crisis due to a fine of 8.9 billion USD. The French bank had to pay US authorities because it ignored the sanctions imposed against Sudan, Cuba and other countries in the 10-year period until 2012. The quarterly net profit rose to 1.5 billion EUR compared to 1.3 billion EUR an year ago and analyst expectations for a positive financial result of 1.576 billion EUR. Revenues increased by 3.9% to 9.54 billion EUR from 9.18 billion EUR realized in the third quarter of the previous year.

Along with other leading French banks, BNP Paribas did well to stress tests conducted by the European Central Bank, the results of which were published last weekend.

Read this next

Institutional FX

BGC Group valued at $667 million following investment by major banks

BGC Group announced that its exchange platform, FMX Futures, is now valued at $667 million after receiving investments from a notable consortium of financial institutions.

blockdag

Transforming a Bankrupt Investor into a Cryptocurrency Giant; Can BlockDAG Replicate Ethereum’s Meteoric Rise With 30,000x Predictions?

The realm of cryptocurrency investing presents a thrilling blend of challenges and opportunities. The legendary gains by early Ethereum investors serve as a powerful lure for those seeking the next major breakthrough.

Digital Assets

SEC delays decision on spot bitcoin options ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

Digital Assets

Morgan Stanley to sell bitcoin ETFs to clients

Morgan Stanley may soon allow its 15,000 brokers to recommend bitcoin ETFs to their clients, as reported by AdvisorHub.

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

<