- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- US Economy Mired in 'Form of Depression': Rosenberg
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Weak Dollar Is Golden for Mining Companies
- How Many US Consumers Will Shop this Weekend?
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Galleon's Rajaratnam Denies Inside Trading Charges
- Hormel Profit Jumps Despite Declining Sales
- Heinz Profit Falls, Raises Full-Year View
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Weak Dollar Is Golden for Mining Companies
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
Text Size 
BNP Paribas, the eurozone's second-biggest bank by market capitalisation, posted a surge in third quarter profits on Thursday that beat market forecasts and trumped the results of many
rival banks.
 |
Remy De La Mauviniere / AP |
Net profit rose 45 percent from a year ago to 1.305 billion euros ($1.9 billion), with earnings at the French bank boosted by its acquisition of Fortis assets and by its investment banking division which benefited from a rebound in financial markets.
Many of the world's leading banks have posted higher third quarter profits over the past weeks, with the likes of Goldman Sachs [GS
Loading...
()
], JP Morgan [JPM
Loading...
()
] and Credit Suisse all benefiting from the market upturn.
On Wednesday, domestic rival Societe Generale said its third quarter net profit had more than doubled from last year, although SocGen's earnings came in below the consensus forecast.
BNP shares closed up 3.5 percent at 52.63 euros on Wednesday, giving the bank a market capitalisation of around 62 billion euros.
The stock, one of Europe's best-performing bank shares, has risen around 80 percent so far this year and has outperformed a 50 percent gain in the DJ Stoxx European bank index.
- Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- A diet high in fat and sugar might actually be good for your portfolio.
- One shopper explains why he gets up at 3am on the day after Thanksgiving to go shopping every year.
- From the AIG&T to the Merrill Lychee, Jane Wells lists this year's holiday cocktails.
Data is a real-time snapshot *Data is delayed at least 15 minutes