PARIS Nov 7 French bank BNP Paribas
posted forecast-beating third-quarter results on the back of
strong capital-markets trading and a drop in euro zone losses,
helping it meet balance-sheet targets ahead of schedule.
France's No. 1 bank said on Wednesday its third-quarter
profit had more than doubled to 1.32 billion euros ($1.69
billion) from 541 million in the same period a year ago. The
mean of 10 analyst estimates was 1.18 billion.
BNP said its closely watched core capital ratio under
tougher Basel III rules stood at 9.5 percent at end-September, a
fresh high that puts it ahead of rivals like UBS and
Bank of America sooner than expected.
($1 = 0.7812 euros)
(Reporting by Lionel Laurent and Matthias Blamont; Editing by