BNP Paribas Fixed-Income Trading Outperforms European Rivals

French bank sees revenue from FICC surge 35% from year earlier
CFO Lars Machenil says in interview bank taking market share

CFO Lars Machenil talks about BNP Paribas’s financial results, strategy, and how ECB policy affects the lender.Source: Bloomberg

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By Keith Campbell

October 31, 2019 at 6:01 AM UTC

Updated on

October 31, 2019 at 8:45 AM UTC

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BNP Paribas SA posted a third straight gain at its fixed-income trading business, outshining its Wall Street and European peers while keeping costs under control.

Fixed income, currency and commodity trading revenue surged 35% to 915 million euros ($1 billion) in the three months through September, according to a statement on Thursday. That surpassed the performance of competitors including Barclays Plc and Deutsche Bank AG, and beat the 9% gain in the second quarter and a 29% rally in the previous three months.