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BNP Paribas Net Rises 14% on Investment Bank, BancWest

BNP Paribas SA, Europe’s largest bank, said fourth-quarter profit increased 14 percent, helped by higher revenue at the investment bank and a rebound at the U.S. consumer unit.

Net income rose to 1.55 billion euros ($2.1 billion) from 1.37 billion euros a year earlier, the Paris-based bank said in a statement today. Earnings missed the 1.71 billion-euro average estimate of eight analysts surveyed by Bloomberg as it booked a 534-million-euro impairment on its stake in Axa SA.