BNP Paribas reported a net income of 1.84 billion euros ($2 billion) for the final quarter of 2019, slightly above market expectations.
CET 1 ratio reached 12.1%, vs. 12% in the previous quarter.reported a net income of 1.84 billion euros for the final quarter of 2019, slightly above market expectations.
Analysts had forecast a net income of 1.73 billion euros for the fourth quarter, according to Refinitiv.Revenue hit 11.3 billion euros, vs. 10.2 billion euros a year ago.Cost/income ratio dropped 4.7% compared to a year ago. "With a net income of 8.2 billion euros, BNP Paribas achieved a very good performance in 2019 thanks to its good business drive and the effects of its transformation. BNP Paribas confirms the strength of its diversified and integrated model," Jean-Laurent Bonnafé, chief executive officer, said in a statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ferrari core profit misses estimates in fourth-quarter, lifts 2020 guidanceFerrari said on Tuesday its fourth-quarter core profit rose 22% to meet the Ital...
Read more »
Snap Stock Drops 11% After Revenue Falls Short Of ExpectationsSnap stock plummeted more than 11% Tuesday evening after the company posted fourth-quarter earnings that failed to met analyst expectations, ending a yearlong streak of beating forecasts.
Read more »
Snap Stock Drops 11% After Revenue Falls Short Of ExpectationsSnap stock plummeted more than 11% Tuesday evening after the company posted fourth-quarter earnings that failed to met analyst expectations, ending a yearlong streak of beating forecasts.
Read more »
Ford posts $1.7 billion quarterly loss, offers weak 2020 forecastFord Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than...
Read more »
Sony third-quarter profit falls 20%; still beats estimates and raises outlookSony Corp on Tuesday reported a 20% decline in third-quarterly profit due to the...
Read more »
China's December industrial profits fall 6.3%; full-year down 3.3%Profits made by China's industrial firms dropped 6.3% from a year earlier t...
Read more »