French lender BNP Paribas beats profit estimates as expenses decline
On a big week for banks with numerous lenders posting financial results, BNP Paribas updated investors too on Thursday with its latest first-quarter earnings, which beat analyst estimates. BNP Paribas said net income for Q1 was down 2.% to €3.1 billion. However, it was well ahead of the €2.48 billion that analysts polled by Bloomberg had expected. The bank said this was helped by lower than expected provisions and a decline in expenses. Overall revenue, meanwhile, fell 0.4% to €12.5 billion but topped the €12.2 billion expected by the market. BNP Paribas bids farewell to EgyptBNP Paribas caugh...