Streetbeat News

BNPQY

BNP Paribas

https://group.bnpparibas/

CEO

Jean-Laurent Bonnafe

Industry

Commercial Banking

Open

42.14

Mkt cap

97B

Volume

107K

High

42.80

P/E Ratio

8.21

52-wk high

42.80

Low

42.14

Div yield

0.06

52-wk low

28.93

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

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

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