BNP Paribas profit drops amid legal charges

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Source: Bloomberg
BNP Paribas SA, the biggest bank in France, posted a considerable decline in its quarterly profit, while it set aside more than $1.1 billion to cover legal charges. Net income for October-December reached 127 million euro versus 519 million euro a year ago. Analysts waited for a 1.02 billion euro profit. Today, BNP Paribas shares are losing 4.7% to 57.98 euro by 9:40 GMT in Paris.
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