BNP Paribas delays profit target in shock to investors
Thu, Feb 1, 2024 6:15 PM

BNP Paribas delays profit target in shock to investors

A Flip by Avya Verma
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BNP Paribas reported a surprise drop in fourth-quarter income and pushed back a key profitability target on Thursday, triggering a more than 8% fall in the French bank's shares. Revenue at its investment bank, which CEO Jean-Laurent Bonnafe has been expanding, fell from a year earlier as did sales at its consumer and commercial real estate businesses.

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