BNP Paribas reports a 15.7% jump in Q4 net income, exceeding expectations and boosting dividends.

BNP Paribas, France's largest bank, saw a significant 15.7% increase in fourth-quarter net income, reaching €2.32 billion, surpassing analysts' expectations. This growth, driven by strong performance in investment banking and trading, led to a proposed 4.1% increase in dividends and a €1.08 billion share buyback. Despite revising its profitability target for 2025, the bank remains optimistic about achieving a 12% return on tangible equity by 2026, supported by cost-cutting and the acquisition of AXA Investment Managers.

2 months ago
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