BNP Paribas: net income down 2% in Q1
The banking group boasts 'very solid commercial performances within each operating division', as well as a positive jaws effect of 1.1 points thanks to operating expenses down 1.5%, and a cost of risk (29 basis points) 'still low'.
BNP Paribas confirms its 2024 trajectory of revenue growth of over 2%, a positive jaws effect, a cost of risk of less than 40 basis points, and net income in excess of 2023 distributable net income (11.2 billion euros).
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