Four factors converged to lift BNP Paribas's bottom line:
Record Equity Trading Revenue. The Global Markets division, especially the equities and prime services franchise, delivered its best quarter in history. Equity and prime services revenue surged 43% year-on-year to approximately €1.4 billion, well ahead of the €1.1 billion analysts had forecast . This helped push total Corporate and Institutional Banking (CIB) revenue up 13% . The broader European banking earnings season on the same day showed that strength in equities was a common theme across the continent.
Retail Banking Rebound. Stronger income from the retail network, particularly the Euro-Med unit and Personal Finance, contributed to the top line. The Euro-Med division posted revenue growth of about 22%, driven by strengthened performances in Türkiye and Poland .
Disciplined Cost Management. The bank maintained a positive