Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin just weeks ago after he sued two company directors and its...Biotech and Pharmaceuticalsread more
"The slowdown in the global economy is reaching this shore," veteran trader Art Cashin says.Economyread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
JetBlue is ordering the longest-range Airbus jets to expand service to more European cities.Airlinesread more
Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may "overheat and pose a fire safety risk."Technologyread more
Health-care stocks have caught a cold this year, but one technical analyst sees the beginnings of a recovery.Trading Nationread more
BNP Paribas reported stronger-than-expected results for the third quarter of the year on the back of solid economic growth in Europe and despite challenging market conditions.
The French lender announced a net income attributable to shareholders of 2.1 billion euros ($2.39 billion). Analysts were expecting a net income of 1.97 billion euros for the third quarter of 2018, according to data firm Refinitiv.
Here are some of the key highlights of the third quarter:
Jean-Laurent Bonnafé, the chief executive officer of BNP Paribas, said in a statement that "the group's business continues to grow in a contrasted context of economic growth in Europe."
Lars Machenil, the chief financial officer of the bank, told CNBC that "the quarter has seen good business development."
"Our loans are up 4 percent, 4.2 percent actually and also the bottom line is up 4 percent clocking in at 2.1 billion euros and this basically in an environment where also our common equity tier one has been further strengthened by 25 basis points," he told CNBC's Joumanna Bercetche.
"This reflects, a bit, this lack luster environment in some activities but it also shows that the bank is really optimizing its resources," he added.
The French bank has been investing in digitization as part of its 2020 transformation plan. The latest results statement says that the move has allowed the bank to save 173 million euros in costs.
Machenil also told CNBC that the bank does not have "major exposure" to Italy. Recent market turmoil over Italy's spending plans have increased the yields on Italian debt — a problem for some lenders that own significant paper from the embattled government.
"Let's be fair, the market share we have, you can count it on the fingers of one hand," he said, adding that the bank is also focused on companies that are internationally exposed.
Shares fell more than 3 percent shortly after markets opened in Europe. Investors were disappointed with the lower-than-expected revenue figure, Reuters reported.
Correction: This story has been updated with net income numbers that were earlier reported in millions. The correct numbers are 1.97 billion euros and 2.1 billion euros.