BNP Paribas Warns Fixed Income to Slow After Uneven Results

BNP Paribas Warns Fixed Income to Slow After Uneven Results


BNP Paribas Sees Revenue Recovery After Debt-Trading Miss
Bloomberg
2/5/2021
Alexandre Rajbhandari
(Bloomberg) -- BNP Paribas SA signaled higher revenue and potential share buybacks this year after reporting weaker-than-expected trading results and a slowdown at the fixed-income business.
The French bank posted an uneven fourth-quarter performance that saw net income and provisions beat estimates, while overall revenue and trading -- including debt and equity -- came in below expectations. While the lender signaled an uncertain outlook as the pandemic continues to lock down large swathes of Europe, it did signal that revenue would trend upwards this year as economies start to rebound in the second half.

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