Streetbeat News

BNPQY

BNP Paribas

https://group.bnpparibas/

CEO

Jean-Laurent Bonnafe

Industry

Commercial Banking

Open

30.95

Mkt cap

70B

Volume

26K

High

30.95

P/E Ratio

6.95

52-wk high

39.32

Low

30.82

Div yield

0.08

52-wk low

28.53

BNP Paribas received the ECB's 2024 SREP notification, setting a CET1 requirement of 10.29% for 2025, slightly up from 10.27% in September 2024.

Portfolio Pulse from

December 11, 2024 | 8:15 pm

BNP Paribas has been designated as a Global Systemically Important Bank (G-SIB) by the ACPR, maintaining its G-SIB buffer requirement at 1.5% of total risk-weighted assets starting January 2025.

Portfolio Pulse from

November 27, 2024 | 5:30 pm

BNP Paribas has notified Ageas that its subsidiary, BNP Paribas Cardif S.A., has exceeded a 10% shareholding in Ageas as of November 21, 2024, according to financial transparency rules.

Portfolio Pulse from

November 27, 2024 | 5:00 pm

The report on BNP Paribas Wealth Management provides an in-depth analysis of the company's strategy, financial performance, and product innovation. It highlights the company's operations across Europe, Asia, and the Middle East, focusing on its wealth management services for high-net-worth individuals.

Portfolio Pulse from

November 18, 2024 | 12:45 pm

BNP Paribas suggests that a 'red wave' in the U.S. elections could lead Chinese policymakers to implement a larger stimulus package. This analysis is provided by Jason Lui, focusing on the potential impact on the China market.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

HSBC has agreed to sell its German private banking business to BNP Paribas, aiming to enhance BNP's wealth management presence in Germany. The deal is expected to close in the second half of 2025, pending regulatory approvals. HSBC shares rose following the announcement.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 12:05 pm

South Korea has extended its ban on short selling until March 30, 2025, to combat illegal naked short-selling practices. The decision follows fines imposed on HSBC Holdings and BNP Paribas. The government will impose life imprisonment and harsher fines for illegal short-selling activities.

Portfolio Pulse from Hayden Buckfire

June 14, 2024 | 3:33 pm

BNP Paribas (OTC:BNPQY) plans to increase its cost-cutting target by €400 million, aiming for a total of €2.7 billion in savings from 2022 to 2025. The savings will come from automation, lower purchases, and more efficient operations. The bank expects higher net income in 2024 than in 2023 and aims for a ROTE of 11.5% to 12% in 2025 and 12% in 2026, with a 60% payout ratio, planning to return €20 billion to shareholders from 2024-2026. Additionally, BNP Paribas has launched a share buyback program of up to €1.055 billion for 2024. Despite a 50.1% Y/Y decline in Q4 FY24 net income, BNPQY shares rose 3.03% to $33.62.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 2:39 pm

BNP Paribas (OTC:BNPQY) has reportedly settled a lawsuit with France's consumer group CLCV regarding misleading practices about Swiss-franc mortgages by its consumer credit unit. The settlement is estimated to be between 400 million and 600 million euros. Previously, BNP Paribas Personal Finance was found guilty of concealing risks associated with its Helvet Immo Swiss franc loan. Additionally, BNP Paribas and HSBC Holdings PLC (NYSE:HSBC) were fined by South Korea for naked short-selling last month. BNPQY shares closed up by 0.38% at $34.74 on Friday.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 1:13 pm

HSBC Holdings PLC and BNP Paribas have been fined a total of 26.5 billion won ($20.4 million) by South Korean authorities for engaging in naked short-selling, which is illegal in the country. BNP Paribas and its local brokerage unit are ordered to pay 19 billion won, while HSBC is fined 7.5 billion won. The Securities and Futures Commission of South Korea views these violations as intentional and damaging to market order and investor trust. The FSC is also considering a criminal investigation against the banks. This action aligns with South Korea's efforts to eliminate illegal short-selling, including a planned full ban by June 2024.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 4:14 pm

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