BNP Paribas Misses Fixed Income Rally as Provisions Decline
- Fixed-income revenue slumps 17% in strong quarter for rivals
- Profit beats estimates as bank sets aside less for bad loans
Photographer: Benjamin Girette/Bloomberg
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BNP Paribas SA relied on lower provisions for bad loans and a resurgence of its equities business to boost earnings as its fixed-income traders missed out on a global rally.