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BNP Paribas Exclusive: Q3 Earnings and FICC Trading Uncovered

Paris-based bank BNP Paribas has reported a 12% decline in revenue from bond trading in the third quarter of 2018.

BNP Paribas: Bond Trading Revenue Drops 12% in Q3, but Costs Kept Under Control. PHOTO: Shutterstock/ALP
BNP Paribas: Bond Trading Revenue Drops 12% in Q3, but Costs Kept Under Control. PHOTO: Shutterstock/ALP

The bank’s overall revenue from its markets unit also dropped by 9%, slightly below analysts’ expectations. In contrast, major US banks saw a 1.3% increase in revenue.

The slowdown in fixed-income trading reflects the global decline in trading of fixed

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