BNP

abbreviation

1. British National Party

Example Sentences

BNP Paribas analyst Andrew Buscaglia called results “solid” in a Tuesday report, though he was expecting growth, excluding the acquisition, to be about 2.5% year over year, above the 1.5% guided to by the company.

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France’s BNP Paribas BNP -3.37%decrease; red down pointing triangle reported a smaller-than-expected rise in earnings for the third quarter, when higher costs dented its bottom line despite the continued recovery of its retail operations and growth in its investment banking activities.

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Beyond the quarterly results, BNP Paribas has been trying to reassure investors as it grapples with the fallout of a U.S. court decision earlier this month which triggered a selloff of its stock on fears of potential costly settlements.

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The case is linked to BNP Paribas’s alleged role in providing banking services to the Sudanese government through its Geneva office during the Darfur genocide around two decades ago.

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The deal is central to BNP Paribas’s strategy to boost its insurance and asset-management arm—a division it has been bulking up through acquisitions—and yield 550 million euros in revenue and cost synergies by 2029.

Read more on The Wall Street Journal