BNP Paribas 3Q Profit Rises, Revenue Falls

By Pietro Lombardi Features Dow Jones Newswires

BNP Paribas SA (BNP.FR) said Tuesday that third-quarter net profit grew, citing capital gain on the sale of a 4% stake in its Indian joint venture SBI Life.

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The Paris-based lender's net profit rose 8% to 2.04 billion euros ($2.37 billion) compared with the same period last year.

Revenue was EUR10.39 billion, down from EUR10.59 billion in the year-earlier period.

Analysts expected the bank, France's largest listed bank by assets, to post net profit of EUR2.01 billion, according to a poll by data provider FactSet.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

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October 31, 2017 02:24 ET (06:24 GMT)