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Barclays, BNP Paribas see profit spike from stock trading frenzy - Netscape Money & Business

Barclays, BNP Paribas see profit spike from stock trading frenzy
By Lawrence White, Matthieu Protard and Iain Withers
Reuters
LONDON/PARIS (Reuters) - Barclays and BNP Paribas reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products, showing the value of having a broad-based banking business.
The topsy-turvy trading results for two of Europe s biggest remaining investment banks highlighted how volatile markets amid the global pandemic caused seesawing demand for different asset classes.
Barclays January-March profit more than doubled to 2.4 billion pounds from 923 million pounds a year ago, while its French rival said net profit rose 37.9% to 1.77 billion euros($2.14 billion), both beating analyst forecasts. ....

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Barclays, BNP Paribas see profit spike from stock trading frenzy

Barclays and BNP Paribas reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products.. | April 30, 2021 ....

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