BNP Paribas reported a net income of 1.84 billion euros ($2 billion) for the final quarter of 2019, slightly above market expectations.
CET 1 ratio reached 12.1%, vs. 12% in the previous quarter.reported a net income of 1.84 billion euros for the final quarter of 2019, slightly above market expectations.
Analysts had forecast a net income of 1.73 billion euros for the fourth quarter, according to Refinitiv.Revenue hit 11.3 billion euros, vs. 10.2 billion euros a year ago.Cost/income ratio dropped 4.7% compared to a year ago. "With a net income of 8.2 billion euros, BNP Paribas achieved a very good performance in 2019 thanks to its good business drive and the effects of its transformation. BNP Paribas confirms the strength of its diversified and integrated model," Jean-Laurent Bonnafé, chief executive officer, said in a statement.
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