BNP Paribas Q2 Profit Climbs, Proposes Dividend - Quick Facts

French lender BNP Paribas (BNPQY.PK,BNP.L) reported Friday that its second-quarter net income attributable to equity holders amounted to 2.91 billion euros, up 26.6 percent from last year's 2.30 billion euros. Net income grew 17.9 percent from the pre-pandemic 2019.

Excluding the effect of exceptional items, net income would be 2.75 billion euros, an increase of 16.5 percent from last year and 4.9 percent from 2019.

Revenues were 11.78 billion euros, up 0.9 percent from prior year's 11.68 billion euros, and the growth was 4.9 percent from 2019.

The results reflected very good performance in Domestic Markets and continued high level of revenues at CIB after an exceptional second quarter 2020.

Further, the company said the Board of Directors will propose to shareholders at the Shareholder's Meeting to pay an ordinary cash dividend of 1.55 euros per share. This raises the total ordinary cash dividends paid out in 2021 to 2.66 euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved Regeneron Pharmaceuticals, Inc.'s Dupixent (dupilumab) to treat eosinophilic esophagitis or EoE, a chronic immune disorder. It is the first FDA approval to treat EoE in adults and pediatric patients 12 years and older weighing at least 40 kilograms. Food products maker J. M. Smucker Co. has recalled select Jif peanut butter products sold in the United States due to potential Salmonella contamination, the U.S. Food and Drug Administration said. The recall involves various creamy, crunchy, natural, no added sugar, and reduced fat peanut butter, among others with lot codes 1274425 - 2140425. Smithfield Packaged Meats Corp. is recalling around 185,610 pounds of ready-to-eat or RTE bacon topping products citing the possible contamination with extraneous materials, specifically metal, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced.
Follow RTT