BNP Paribas Jumps on Profit Beat, Higher Mid-Term Targets

BNP Paribas SA’s stock rose after it beat expectations and raised some targets, boosting Chief Executive Officer Jean-Laurent Bonnafe and his plan to prop up a lender that has long lagged peers.

France’s largest bank achieved net income of €2.97 billion ($3.5 billion) in the fourth quarter, according to a statement on Thursday. That compared with an analyst estimate of €2.86 billion.