|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||66.49 - 67.48|
|52 Week Range||43.24 - 68.89|
|PE Ratio (TTM)||11.44|
|Dividend & Yield||3.03 (4.05%)|
|1y Target Est||N/A|
Banking shares drove European bourses higher on Thursday after the U.S. Federal Reserve signaled a likely December rate hike and announced it would begin trimming its balance sheet in October. "The market’s reaction this morning is positive on the back of the Fed acting in line with expectations, and with that the market anticipates the Euro strength momentum to fade," said Britta Weidenbach, head of European equities at Deutsche Asset Management. Banks, the biggest gainers from interest rate raises which cushion margins, jumped 1.5 percent to a one-month high on the prospect of the European Central Bank following the U.S. in bringing ultra-loose monetary policy to an end.
AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion) of assets under management, sources familiar with the matter told Reuters. Under new chief executive Thomas Buberl, the French insurer is looking for ways to boost profitability at its asset management business, which has been hit by falling fees and rising costs during a period of historically low interest rates.
BNP Paribas SA is among firms exploring a fund-management tie-up with Axa SA’s European asset-management unit, people with knowledge of the matter said as the French insurer seeks potential partners for ...