BNP Paribas Q2 net income surges 21% to 3.4bn euros, driven by equity and prime brokerage services.
BNP Paribas reported a 21% surge in Q2 net income to a record 3.4bn euros ($3.69bn), driven by a 58% jump in equity and prime brokerage services. Group revenues rose 8% to 12.3bn euros. Despite a French retail business decline, the bank's investment banking division boosted its performance. BNP confirmed its full-year targets, including revenue growth of over 2% and a net income of over 11.2bn euros.
July 24, 2024
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