BNP Paribas SA (BNPQY) Given Average Rating of "Hold" by Brokerages

Paterniano Del Favero
Luglio 28, 2017

Shares of BNP Paribas SA (NASDAQ:BNPQY) have been assigned an average rating of "Hold" from the seven brokerages that are now covering the stock, Marketbeat.com reports.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of BNP Paribas SA from a "sell" rating to a "hold" rating in a research report on Thursday, April 6th.

BNP Paribas is the first major French bank to report second-quarter earnings. BNP Paribas SA has an average rating of "Buy" and an average target price of €66.49 ($77.31).

Shares of BNP Paribas SA (EPA BNP) opened at 66.20 on Friday.

Fixed-income, commodities and currencies revenue fell 16 per cent from the year-earlier quarter, BNP said, citing "low business activity in all the segments" compared to more favourable environment a year earlier.

Revenues also came in above the 10.84 billion euros expected by analysts, as stronger earnings in corporate and institutional banking, global financial services helped to offset a slight decline in European retail banking markets revenue. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of USA & worldwide copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/28/bnp-paribas-sa-nasdaqbnpqy-given-consensus-recommendation-of-hold-by-analysts-updated-updated.html.

The bank's worldwide financial-services division, which includes retail banks outside the eurozone, wealth management, consumer finance and insurance, posted a 11.3% increase in pretax income to EUR1.41 billion. The Retail Banking and Services division includes retail banking networks and specialized financial services in France and overseas.

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