BNP Paribas reported a decrease in first-quarter profit and revenue but still surpassed analyst expectations due to lower operational costs and a strong performance in its corporate sector. Despite a downturn in trading activities, the bank confirmed its financial guidance for the year, showcasing resilience in its business model. In a similar financial context, NatWest also reported a decline in its first-quarter profit by 27%, attributed to increased competition in savings and mortgage sectors and diminishing benefits from interest rates. However, NatWest reaffirmed its financial guidance after its income and profit metrics still managed to beat estimates.
NatWest profits fall 27% as interest rate benefits wear off https://t.co/gssjyYGoxq
NatWest Backs Guidance After Income, Profit Beat Estimates https://t.co/bqskOsvoBG
NatWest first-quarter profit slumps 27% as savings, mortgage competition bite https://t.co/ucM0HBwnlh https://t.co/qWz6DfDAZC
BNP Paribas beats estimates as lower costs offset trading slump https://t.co/cdt2lJDmpu https://t.co/Y4Ble3TjBi
BNP Paribas beat estimates as lower costs offset slump in trading https://t.co/uoTR0pzAgw https://t.co/Ss3NnAKWt3
BNP Paribas Confirms Guidance After Wide Earnings Beat https://t.co/98oz7lJWIK
⚠️ BNP PARIBAS PROFIT TOPS ESTIMATES ON LOWER COSTS AND GLOBAL BANKING Full Story → https://t.co/ETVSwI4pVD BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate…