BNP Paribas Jumps 4.7%

31% profit was announced for the second quarter by the largest banking giant in France which managed to surpass the expectations of analysts. On Euronext Paris, the share of BNP Paribas SA jumped 4.7% after the announcement of net profit of 2.11 Billion Euro against 1.61 billion Euro appreciated by analysts of Bloomberg. The profitability of the Annexes to BNP in France, Belgium and the U.S. failed to compensate for losses in investment banking and large corporate group. The quarter was not as good for investment banking, however other areas have improved, says Simon Mogkan, an analyst at MF Global Securities Ltd in London, which encourages customers to purchase the stock of BNP; the differentiated model indicates the strength he adds.