Finance

BNP Unveils $1.1 Billion Buyback Amid Strength in Trading

Equities revenue rises 30%, fixed income gains 34% in quarter
Lender to revamp French retail banking unit in next step

WATCH: CFO Lars Machenil discusses the performance of the lender’s investment banking unit and at its commercial and retail arm.Source: Bloomberg

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By Claudia Cohen

February 4, 2025 at 6:05 AM UTC

Updated on

February 4, 2025 at 8:20 AM UTC

This article is for subscribers only.

BNP Paribas SA announced a new share buyback and higher-than-expected dividend after a surge in trading revenue in the final months of last year lifted profit.

The French lender on Tuesday reported a 30% jump in equities trading in the fourth quarter and 34% higher revenue from fixed income, better than analysts had expected.