People stroll previous BNP Paribas, a french worldwide banking group.
ANGELA WEISS | AFP | Getty Images
LONDON — BNP Paribas reported on Friday first-quarter net revenue of 1.eight billion euros ($2.18 billion) — an 11% improve from the earlier quarter.
Analysts had forecast a net revenue of 1.2 billion euros for the quarter, in accordance with Refinitiv.
The figures have been supported by a bounce again in equity trading over the quarter.
“Financing companies reported a good begin to the yr, in each equity issuance and debt (syndicated loans and bonds),” a press launch from the financial institution Friday mentioned.
“Activity remained robust in charges, foreign exchange and credit score markets, with a superb degree in equity derivatives and prime providers.”
BNP is taking a look at organising a securities firm in China and has requested regulators for permission to go forward. The concept is to develop the agency’s brokerage providers in China, in accordance with Reuters.
Shares of BNP Paribas are up about 23% year-to-date.