BNP Paribas q1 2021 earnings

Individuals stroll previous BNP Paribas, a french worldwide banking group.

ANGELA WEISS | AFP | Getty Pictures

LONDON — BNP Paribas reported on Friday first-quarter web revenue of 1.8 billion euros ($2.18 billion) — an 11% enhance from the earlier quarter.

Analysts had forecast a web revenue of 1.2 billion euros for the quarter, in response to Refinitiv.

The French financial institution reported robust outcomes from its funding banking division and mentioned: “exercise grew robustly in all enterprise traces.”

The figures have been supported by a bounce again in fairness buying and selling over the quarter particularly.

“Financing companies reported a great begin to the 12 months, in each fairness issuance and debt (syndicated loans and bonds),” a press launch from the financial institution Friday mentioned.

“Exercise remained robust in charges, foreign exchange and credit score markets, with an excellent stage in fairness derivatives and prime companies.”

BNP is taking a look at establishing a securities firm in China and has requested regulators for permission to go forward. The concept is to develop the agency’s brokerage companies in China, in response to Reuters.

Shares of BNP Paribas are up about 23% year-to-date.

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