BNP Paribas vows more cost cuts after profit tops forecast

Core Viewpoint - BNP Paribas has increased its profitability target for 2028 and announced further cost-cutting measures after reporting a stronger-than-expected profit for the fourth quarter, despite a lackluster performance from its investment banking division [1] Group 1: Profitability and Financial Performance - The company reported a better-than-expected profit for the fourth quarter [1] - The performance of the investment banking sector was described as mediocre [1] Group 2: Future Outlook and Strategy - BNP Paribas has raised its profitability target for 2028 [1] - The company has committed to implementing additional cost-cutting measures [1]