BNP Paribas reported second-quarter net profit of 4.35 billion euros, up 33% from a year earlier, beating analyst forecasts. Strong equities trading and a recovery in retail helped absorb higher costs from the acquisition of AXA Investment Managers. Revenue rose 12% to 14.1 billion euros, with the corporate and institutional banking division posting a 13% increase, as equities and prime services revenue jumped 43%, while fixed income, currencies and commodities trading revenue was flat. The bank reached its common equity Tier 1 ratio target of 13% ahead of schedule at the end of June, and said it is maintaining its 2026 and 2028 financial targets, with a new strategic plan to be unveiled in February 2027.
BNP Paribas SABNP Paribas reported a 33% rise in net profit, beating forecasts, with strong equities trading and retail recovery.
AXA SA