Global Market: BNP Paribas Q2 profit jumps 33% on strong trading, retail rebound; beats estimates

BNP Paribas reported Q2 net income of 4.35 billion euros, up 33% year-on-year, beating analyst estimates of 4.21 billion euros. Revenue rose 12% to 14.1 billion euros, supported by a 43% surge in equity and prime services income and 17% growth in French and Belgian retail net interest income. The bank achieved its 13% CET1 ratio target ahead of schedule and reaffirmed its 2026 and 2028 financial targets.