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BNP reports 46.5% rise in earnings

BNP Paribas has reported net earnings of €2.28bn (US$2.9bn), up 46.5% compared to the first quarter 2009. Net earnings per share in the first quarter reached €1.87, up 20.6% compared to the first quarter 2009. The annualised return on equity was 14.4% compared to 12.3% in the first quarter 2009. The new group (encompassing the Fortis acquisition) posted €11.53bn in revenues,…

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