BNP Paribas Posts Higher Profit as Loan Provisions Fall
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BNP Paribas SA, France’s largest bank, said profit rose 11 percent in the third quarter, exceeding analysts’ estimates, on a rebound in fixed-income trading and lower provisions.
The bank climbed as much as 4.6 percent in Paris trading after reporting net income of 1.5 billion euros ($1.89 billion), above the 1.35 billion-euro average estimate of eight analysts surveyed by Bloomberg.