Global Market: BNP Paribas Q2 Profit Jumps 33% on Strong Trading, Retail Rebound; Beats Estimates
Revenue rose 12% as record equity trading and a retail banking rebound offset higher integration costs, while Ageas gains lifted capital.
- On Thursday, July 23, 2026, BNP Paribas reported second-quarter net income rose to $4.97 billion, beating the €4.21 billion average of 15 analyst estimates. Record equity trading and retail banking strength offset higher integration costs from its AXA Investment Managers acquisition.
- Corporate and institutional banking sales rose 13% as equity and prime services revenue jumped 43% to record levels. Core French and Belgian retail businesses reported about 17% growth in Net Interest Income, driving the quarter's strength.
- Analysts flagged expenses running above expectations following the 5.1 billion euro acquisition of AXA Investment Managers. Jefferies said, "we suspect BNP used the strong revenue result to front-load AXA IM integration costs."
- Shares of the French lender are up close to 30% in 2026, nearly double the average European rival performance. The bank reached its 13% Common Equity Tier 1 ratio target by end-June, ahead of schedule.
- While confirming 2026 and 2028 financial targets, BNP plans to present its next strategic plan in February. Investors are also monitoring an appeal against a Second Circuit court judgment linked to Sudan-related litigation.
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BNP Paribas SA (BNPQY): Q2 Net income of €4.35B. Revenue of €14.09B. CET1 ratio of 13%. 2026 interim dividend: €3.23 payable on 28 September 2026.
BNP Paribas has announced that it will pay a larger interim dividend after the second quarter results exceed expectations. Exclusive material for subscribers. To have full access, access the link of the subject and register.
BNP Paribas reports 33% jump in profit on equity trading
French lender BNP Paribas has beaten second-quarter forecasts as record equity trading and a rebound in retail banking helped lift net profit by a third, offsetting higher costs from the integration of AXA Investment Managers.
The Economic Times
Times of IndiaGlobal Market: BNP Paribas Q2 profit jumps 33% on strong trading, retail rebound; beats estimates
BNP Paribas reported a better-than-expected 33% rise in second-quarter net profit to €4.35 billion, driven by strong equity trading, a recovery in retail banking and gains from its revamped insurance partnership with Ageas.
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