Streetbeat News

BNPQY

BNP Paribas

https://group.bnpparibas/

CEO

Jean-Laurent Bonnafe

Industry

Commercial Banking

Open

32.00

Mkt cap

72B

Volume

136K

High

32.05

P/E Ratio

7.06

52-wk high

39.32

Low

31.86

Div yield

0.08

52-wk low

28.53

European stocks rallied following the European Central Bank's (ECB) announcement of a potential end to its interest rate hiking cycle. The ECB also revised down its estimates for inflation and growth. This news led to a surge in European indices, including the Euro Stoxx 50, UK FTSE 100, Italy's FTSE MIB, French CAC 40, and Germany DAX 30. Positive economic news from the US and China further boosted European stocks, particularly in the luxury and banking sectors.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 4:50 pm

HSBC Holdings is reportedly partnering with crypto custody technology business, Fireblocks, to expand into the digital asset space. This comes amid regulatory uncertainties in the U.S. crypto sector. HSBC has previously shown interest in the crypto space, launching Bitcoin and Ethereum ETFs and allowing licensed crypto firms to create bank accounts. Fireblocks, which provides a non-custodial wallet-as-a-service, has been a provider of crypto custody instruments for the Bank of New York Mellon and BNP Paribas since early 2021.

Portfolio Pulse from Khyathi Dalal

September 13, 2023 | 9:07 pm

Regulators have imposed over $500 million in fines on Wall Street banks for unauthorized use of WhatsApp and email for communication between employees. Wells Fargo & Co (WFC) and BNP Paribas (BNPQY) were among the banks fined, with Wells Fargo responsible for $125 million and BNP Paribas for $110 million. Other smaller firms like Mizuho Financial Group Inc (MFG), BMO Capital Markets (BMO), and Wedbush were also fined. Wells Fargo’s stock traded lower by 1.29% to $44.48 following the news.

Portfolio Pulse from Aaron Bry

August 08, 2023 | 8:50 pm

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