French banking giant BNP Paribas reports strong first quarter results [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
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Source: Yahoo! Finance
Net income, however, slightly declined to €3.10 billion from €3.17 billion last year. Earnings per share for the quarter stood at €2.51. Revenue for the quarter amounted to €12.48 billion, marginally down from €12.53 billion last year. The board is expected to propose a dividend of €4.60 per share. The company also confirmed the finalization of a share buyback program totaling €1.05 billion on April 23. Looking ahead, BNP Paribas anticipates a 2% increase in full-year revenue compared to the €46.9 billion achieved last year, with net income expected to surpass last year's €11.2 billion.
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