BNP Paribas's Q1 profit increase powered by trading rebound
Surge in fixed income, equities trading offsets weak retail banking in home markets
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Paris
BNP Paribas reported a 4.4 per cent rise in quarterly profit, topping analysts expectations, as a surge in fixed income and equities trading helped offset weak retail banking in home markets where revenue fell.
The results came after French banks enjoyed a stock market rally following the first round of the French presidential election that bolstered investors' projections that Emmanuel Macron, seen as a business-friendly candidate, would eventually win.
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