BNP Paribas, the euro zone's biggest bank, saw profit more than double in the first quarter from a year ago, bolstered by the sale of its U.S. retail division while revenue beat estimates.
, the euro zone's biggest bank, saw profit more than double in the first quarter from a year ago, bolstered by the sale of its U.S. retail division while revenue beat estimates.
Revenue of just over 12 billion euros in the period exceeded the company's compiled consensus of 11.7 billion as net interest income ticked higher in the usually difficult French retail market, the bank said on Wednesday. At U.S. bank Goldman Sachs, first-quarter sales from fixed income, currency and commodities trading, usually a bright spot, plunged 17% to $3.93 billion, while equity trading revenue sank 7% to $3.02 billion.ANGELA WEISS | AFP | Getty Images
The first quarter net income, group share amounted to 4.44 billion euros, in line with expectations, and up from 1.84 billion a year earlier.
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