BNP Paribas beat analyst expectations on Wednesday as a surge in bond-trading helped improve the bank's bottom line.
Here are some of the highlights:
- Revenue of 11.3 billion euros ($12.3 billion) versus expected 11.01 billion euros by Thomson Reuters analysts' consensus.
- Net income up 4.4 percent to 1.89 billion euros ($2.06 billion) vs. Reuters analyst consensus of 1.6 billion euros.
France's biggest bank by assets became the first of its peers to report earnings for the first-quarter with its better-than-expected results following a stock market rally after the first round of the French presidential election.
The victory of pro-EU centrist candidate Emmanuel Macron in the first stage of the two-round process bolstered investor projections that the former economy minister would eventually defeat far-right political rival Marine Le Pen in the second run-off vote on Sunday.
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