BNP Paribas Q1 profit rises 9% to 3.22 billion euros
The lender reported a net income of 3.22 billion euros as retail gains offset slower investment banking. It also increased provisions due to geopolitical risks.
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BNP PARIBAS reported a 9% rise in first-quarter net income to €3.22B, beating analyst estimates of €2.93B. Strong retail performance in France and Belgium offset a 0.8% revenue decline in the investment banking division. The results highlight the bank's reliance on its universal model to navigate geopolitical volatility and a weaker EUR/USD.
