BNP Paribas: stock down after quarterly results
(CercleFinance.com) - The BNP Paribas stock is down 3.
5% in early trading today, after the group published Q3 2018 net income group share of 2,124 million euros, up 4% as reported, but sluggish excluding extraordinary items.
Gross operating income fell by 5.7% to 3,075 million for net banking income that is down 0.4% at 10,352 million euros, although up 0.3% at the group's operational divisions (+0.8% LFL).
"The business of BNP Paribas was up again this quarter in a contrasted context of economic growth in Europe with lackluster capital markets, in particular on interest rates," the bank said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% in early trading today, after the group published Q3 2018 net income group share of 2,124 million euros, up 4% as reported, but sluggish excluding extraordinary items.
Gross operating income fell by 5.7% to 3,075 million for net banking income that is down 0.4% at 10,352 million euros, although up 0.3% at the group's operational divisions (+0.8% LFL).
"The business of BNP Paribas was up again this quarter in a contrasted context of economic growth in Europe with lackluster capital markets, in particular on interest rates," the bank said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.