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Deutsche Bank and BNP Profit Bursts Should Last

Deutsche Bank and BNP Profit Bursts Should Last

Bloomberg2 days ago
High interest rates – and a chaotic US president – are helping big European banks heal. BNP Paribas SA and Deutsche Bank AG both reaped benefits of better lending income and higher market volatility in the second quarter – and both have reached a point where their profits are on a much sturdier footing.
BNP declared an interim dividend for the first time alongside its results on Thursday, setting a precedent for future payouts, and issued a forecast for €12.2 billion ($14.3 billion) in full-year net income, ahead of consensus analyst forecasts
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