BNPP beats SG on equity trading

French rivals Societe Generale and BNP Paribas had wildly different fortunes in equity trading in a first quarter characterised by the return of volatility.

BNPP surpassed SG in equities and prime services revenues in the three months to March 31 for the first time, on the basis of existing comparable data, reporting €692 million to its competitor’s €659 million.

This represented growth for BNPP of 19.3% year-on-year, whereas SG's revenues contracted by 10.7%. Around half of this drop-off was

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