BNP Paribas SA reported third-quarter net profit of €3.46 billion, up 13.5%. That exceeded analysts’ forecast of €3.23 billion.
Revenue rose 9.5% to €13.76 billion, also beating forecasts. Equity trading and prime brokerage revenue surged 50%, reflecting strong demand from institutional clients. The corporate and institutional banking unit’s sales increased 17%.
The bank announced a €1.3 billion share buyback program scheduled to begin in November. Revenue from its car leasing business fell 29.1%, amid falling used car prices. BNP Paribas also increased provisions for credit losses.
The bank confirmed its profitability targets for 2026 and beyond.