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

Fnality, a blockchain-based wholesale payments firm, raised $95.09 million in its second funding round, led by Goldman Sachs Group Inc. (GS) and BNP Paribas (BNPQY). Other participants included DTCC, Euroclear, Nomura Holdings Inc (NMR), and WisdomTree. The firm, which was founded in 2019 as a UBS-led blockchain project, is awaiting the Bank of England's approval to start operations. The funding will help establish a global liquidity management network for digital payment models in wholesale financial markets and tokenized asset markets, aiming to bridge the gap between mainstream and digital finance.

Portfolio Pulse from Khyathi Dalal

November 14, 2023 | 4:05 pm

Coty Inc plans to initiate a global offering of 33 million of its Class A common stock. The company aims to cater to the U.S. public and investors in select overseas territories. Coty is also targeting the European Economic Area's qualified investors and plans to get its Class A common stock listed on Euronext Paris' professional segment. The raised capital will be used primarily to decrease its outstanding debt and for corporate ventures.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 10:06 am

Major global banks including Goldman Sachs Group, Inc. (GS), HSBC Holdings, Plc (HSBC), Barclays PLC (BCS), and BNP Paribas (BNPQY) are collaborating to develop a unified method of revealing clients' stock positions. The initiative, named Endoxa, aims to enhance transparency, reduce expenses, and mitigate the potential dangers of under-reporting. The banks are working with RegTech expert Droit to optimize their efforts.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 4:18 pm

Coty Inc is reportedly planning a Paris listing in the coming weeks, with assistance from BNP Paribas SA and Citigroup Inc. The company is considering raising new capital through this listing. The decision aligns with Coty's intention to tap into a new investor base and reinforce its standing in Europe. Coty's share price increased by 2.4% to $12.27, raising its market valuation to roughly $10.5 billion.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 10:49 am

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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