According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “
Other equities research analysts have also issued reports about the company. Kepler Capital Markets upgraded BNP Paribas from a “hold” rating to a “buy” rating in a research note on Tuesday, December 21st. Royal Bank of Canada upped their target price on shares of BNP Paribas from €72.00 ($78.26) to €74.00 ($80.43) in a report on Monday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of BNP Paribas from €62.00 ($67.39) to €61.00 ($66.30) and set a “neutral” rating for the company in a report on Monday. Societe Generale raised shares of BNP Paribas from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, March 18th. Finally, UBS Group cut their price objective on shares of BNP Paribas from €69.60 ($75.65) to €60.00 ($65.22) and set a “buy” rating on the stock in a report on Friday, March 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.56.
BNP Paribas Company Profile (Get Rating)
BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services.
- Get a free copy of the StockNews.com research report on BNP Paribas (BNPQY)
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