BNP Paribas fixed income trading jumps 26% as equities slide

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The French bank has been investing in its equities team Beata Zawrzel/NurPhoto via Getty Images

BNP Paribas’s fixed income unit notched a 26% rise in revenue during the second quarter, but its stock traders failed to follow Wall Street rivals by riding the volatility wave caused by US president Donald Trump’s tariff policies.

The French bank brought in €1.4bn in fixed income trading revenue in the second quarter of 2025, an increase of 26% and ahead of market predictions.

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