BNP PARIBAS/S (BNPQY) Raised to Buy at Zacks Investment Research
BNP PARIBAS/S (OTCMKTS:BNPQY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $34.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.75% from the stock’s current price.
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. “
Several other research firms also recently weighed in on BNPQY. ValuEngine downgraded BNP PARIBAS/S from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Berenberg Bank upgraded BNP PARIBAS/S from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th.
BNP PARIBAS/S (OTCMKTS:BNPQY) last released its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter. The firm had revenue of $13.37 billion for the quarter. BNP PARIBAS/S had a return on equity of 9.82% and a net margin of 17.19%. equities research analysts expect that BNP PARIBAS/S will post 3.88 earnings per share for the current fiscal year.
BNP PARIBAS/S Company Profile
BNP Paribas SA provides a range of banking and financial services in France and internationally. The company operates through two divisions, Retail Banking and Services; and Corporate and Institutional Banking. It 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.
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