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Trading helps BNP Paribas beat profit forecasts

French bank reaps the rewards of a bond trading rebound that has boosted Q3 earnings of US and other European banks

Trading helps BNP Paribas beat profit forecasts

French bank BNP Paribas has reported better-than-expected third-quarter net profit, boosted by a pickup in fixed-income trading.

The Paris-based lender, France's largest listed bank by assets, said net profit rose 3% to €1.89 billion ($2.06 billion) in the three months ended September 30, despite a €202 million accounting charge related to its debt. Revenue grew 2% to €10.59 billion.

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