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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BNP Paribas | EU:BNP | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.19 | 0.28% | 67.64 | 67.44 | 67.99 | 68.31 | 67.32 | 68.00 | 1,775,234 | 16:40:00 |
By Pietro Lombardi
BNP Paribas SA (BNP.FR) said Tuesday that its fourth-quarter net profit slightly declined after being hit by lower revenue and rising operating costs.
The Paris-based lender's net profit fell 1.1% to 1.43 billion euros ($1.78 billion) compared with the same period last year.
Analysts had expected France's largest listed bank by assets to post net profit of EUR1.46 billion, according to FactSet.
Revenue declined 1.2% to EUR10.53 billion, "due to an unfavorable foreign-exchange effect," the bank said.
Operating expenses for the quarter stood at EUR7.62 billion, up 2.4% from a year earlier.
The bank will pay its shareholders a dividend of EUR3.02 a share for 2017, up from EUR2.7 the previous year. Its core Tier 1 capital ratio--a key measure of capital strength--was stable at 11.8% in December.
BNP Paribas confirmed its 2020 objectives and targets a return on equity above 10% in 2020.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 06, 2018 01:21 ET (06:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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