City Of London

EMEA Earnings to Watch: Aramco, BP, Maersk, BNP, ING

Maersk may give a better glimpse of how exporters are coping.
Photographer: Bing Guan/Bloomberg

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By Christopher Jungstedt and Wout Vergauwen

October 28, 2022 at 3:30 AM EDT

Updated on

October 28, 2022 at 4:04 AM EDT

This article is for subscribers only.

If the rebound in the Stoxx Europe 600 Index since Oct. 12 is anything to go by, third-quarter earnings have been resilient so far. After Credit Suisse Group AG on Thursday, it’s the turn of French, Italian and Dutch banks to show how they fared in fixed-income trading and net interest income, with BNP Paribas SA, Societe Generale SA, ING Groep NV and Intesa Sanpaolo SpA all set to report next week.

Recession fears notwithstanding, lenders are benefiting from central bank moves to tackle inflation, earning more on loans after years of navigating negative interest rates. The European Central Bank delivered its second straight three-quarter-point rate hike on Thursday, sending bank shares higher.