The global markets business showed ‘good resiliency’ during the second quarter despite an 11.7% revenue decrease YoY.
BNP Paribas reported a net income of €2.81 billion (US$3.06bn) for the second quarter of 2023 – beating analysts’ forecast of €2.42 billion as polled by FactSet but declining 4.9% compared to the prior-year quarter, according to the bank’s latest quarterly report. Revenues dropped 1.5% to €11.4 billion due to ‘unfavourable forex impact and high negative exceptional items this quarter’. The bank, led by CEO Jean-Laurent Bonnafé (pictured), iss