Key facts
- BNP Paribas said third-quarter profit rose 14% to €3.46 billion, helped by equities trading.
- Deutsche Bank said fixed-income and currency trading revenue fell 3%, against a 5% decline at US peers.
- Standard Chartered raised its income and profitability targets after third-quarter profit beat estimates.
- UBS reported net profit of $2.69 billion, up 8% from a year earlier, and accelerated a share buyback.
- Santander's results were clouded by weaker earnings and higher provisions in Brazil.
Deutsche Bank, BNP Paribas, Standard Chartered and Santander all beat third-quarter profit forecasts on Wednesday, October 28, 2026, while UBS reported earnings broadly in line with expectations and accelerated a share buyback, Reuters reported.
BNP Paribas said a rise in equities trading helped lift third-quarter profit 14% to €3.46 billion and announced a €1.3 billion share buyback. The French bank also played down the impact of rising French government bond yields on its business.
At Deutsche Bank, revenue from fixed-income and currency trading fell 3%, in line with expectations and less severe than the 5% decline reported by US peers. Germany's largest lender posted a 2% rise in profit, beating forecasts, helped by strength in its retail and corporate banking businesses.
Standard Chartered raised its income and profitability targets after third-quarter profit comfortably beat estimates, supported by its wealth and global markets businesses. UBS, Switzerland's largest bank, reported net profit of $2.69 billion for the three months, up 8% from a year earlier and broadly in line with the $2.71 billion expected.
Santander's results were clouded by weaker earnings and higher provisions in Brazil, a key market where the re-election of President Luiz Inacio Lula da Silva has rattled financial markets. HSBC had unsettled investors on Tuesday after reporting weaker-than-expected revenue growth, with some analysts pointing to rising competition for deposits and slowing interest income.