BNP Paribas is seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration Q4 sales from bonds, currency and commodities trades up 45% Bank raises 2025 targets, plans 5 bln-euro shares buyback Q4 net profit down 6.7%, dragged down by higher costs Shares up by more than 2% PARIS, Feb 7 (Reuters) – BNP Paribas’ trading business drove the French bank’s sales growth in the fourth quarter, underpinning Chief Executive Jean-Laurent Bonnafe’s expansion strategy as Wall Street peers show signs of retreat in the field. Global markets revenue jumped by about 24% in October-December, the euro zone’s biggest bank said on Tuesday, fuelled by a 45% leap in revenue from trading in commodity derivatives, rates, foreign exchange and emerging markets. BNP’s 45% sales growth in FICC trading (fixed income, commodities, currencies) compared with 25% growth at peers, analysts at Barclays said. With Bonnafe at its helm for over a decade, BNP has been growing securities trading, in part taking advantage of rivals’ retrenchment as Wall Street firms from Goldman Sachs (GS.N) to Morgan Stanley (MS.N) axe jobs amid a slump in dealmaking. Revenue at BNP’s trading and securities services branch CIB rose 15.7% in 2022, making it the biggest […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
