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BNP Paribas SA said that an opinion expressed by the European Central Bank could increase the impact from the lender’s planned acquisition of Axa IM on its regulatory capital.
PARIS - BNP Paribas, France's biggest bank, has cut its forecast for the return on invested capital from its 5.1 billion-euro acquisition of AXA Investment Managers, it said in a statement on Monday.
BNP Paribas derived 40% of its total 2024 revenues from net interest income, making it quite exposed to ongoing ECB rate cuts. Click to read why BNPQY is a Buy.
REVENUE: The French bank is expected to report 12.95 billion euros ($14.79 billion) in revenue for the three months ended March 31, according to a company-compiled consensus based on 12 analysts' ...
BNP ’s equity and prime services traders drove the increase, with a 42 per cent rise in revenues for the division to €1.2bn.