|Bid||42.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.35 - 50.35|
|52 Week Range||44.05 - 70.00|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||7.41|
|Forward Dividend & Yield||3.45 (7.37%)|
|1y Target Est||N/A|
A majority of BNP Paribas shareholders have renewed the mandate of CEO Jean-Laurent Bonnafe to serve as a member of the bank's board. Thursday's vote, in which about 96% of shareholders present at the bank's annual general meeting supported the CEO, is a clear show of confidence in Bonnafe who has been at the helm of BNP Paribas since 2011. In a separate vote, a majority of shareholders also approved Bonnafe's salary for 2018.
A U.S. appeals court on Wednesday revived a lawsuit against BNP Paribas SA (BNPP.PA) by alleged victims of a genocidal regime in Sudan, who sought to hold the French bank liable for aiding in the government's atrocities. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan came nearly five years after BNP Paribas pleaded guilty and agreed to pay an $8.97 billion penalty to settle U.S. charges it transferred billions of dollars for Sudanese, Iranian and Cuban entities subject to economic sanctions. Circuit Judge Barrington Parker said claims against BNP Paribas based on genocide in Sudan were subject to U.S. judicial review, and a lower court judge erred in concluding otherwise.
A U.S. appeals court on Wednesday revived a lawsuit against BNP Paribas SA by alleged victims of a genocidal regime in Sudan, who sought to hold the French bank liable for aiding in the government's atrocities. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan came nearly five years after BNP Paribas pleaded guilty and agreed to pay an $8.97 billion penalty to settle U.S. charges it transferred billions of dollars for Sudanese, Iranian and Cuban entities subject to economic sanctions. Circuit Judge Barrington Parker said claims against BNP Paribas based on genocide in Sudan were subject to U.S. judicial review, and a lower court judge erred in concluding otherwise.
BNP Paribas said on Wednesday it hired Dominique Toublan as its chief U.S. credit strategist, who will be based in New York and report to Rich Edelman, the bank's head of credit trading desk analysts in the Americas. Prior to joining BNP, Toublan was a credit derivatives strategist at J.P. Morgan's investment-grade strategy team. BNP also said it appointed Reena Patel as senior credit trading desk analyst with a focus on investment-grade healthcare and technology, media and telecom (TMT) sectors.
BNP Paribas SA surprised investors with a rebound in its fixed-income trading business, beating all its European and U.S. peers. Chief Executive Officer Jean-Laurent Bonnafe, who wants to create a European champion able to compete with stronger U.S. banks, has been cutting costs and exiting businesses after being forced to cut 2020 targets and announcing 600 million euros in additional cost cuts because of a trading slump. BNP has shut down its proprietary trading unit and U.S. commodity derivatives activities as part of the measures.
After a torrid end to 2018 across its markets activities, BNP upstaged rivals in the first three months of this year with a surprising 29 percent jump in revenue from dealing in bonds and foreign exchange. Overall, the corporate and institutional banking division — which includes trading, capital markets and custody — helped drive the group’s revenue growth of 3.2 percent. The lender is cutting costs across the investment bank, while trying to improve cross-selling to clients, doing more of its high-volume business electronically and targeting select work with the juiciest margins.
BNP Paribas on Thursday reported higher first-quarter net profits, supported by a recovery at its corporate and investment banking division which benefited from a more favourable market environment. Revenue from fixed income, commodities and currencies were up 32 percent from the first quarter 2018, a stronger performance than at some other big investment banks, such as Credit Suisse and Goldman Sachs. "Corporate and institutional banking marked an upturn in client activity despite a still unfavourable market context at the beginning of the quarter," Chief Executive Jean-Laurent Bonnafe said in a video on BNP Paribas' website.
PARIS , May 2, 2019 /PRNewswire/ -- BNP Paribas, one of Europe's largest banks, reports 2019 first quarter results. CEO Jean-Laurent Bonnafé comments on the Group's results. Watch video interview and read ...
BNP Paribas on Wednesday denied having sued Astaldi, adding that it was the Italian builder that had launched legal action against the French lender on March 13. The bank said it and other lenders were sued by Astaldi over the payment of an international guarantee issued by BNP Paribas at the request of the Italian group in favour of National Bank of Canada. The legal move was "totally groundless", BNP added.
BNP Paribas Asset Management on Wednesday announced the appointment of Gabriel Wilson-Otto as head of stewardship, Asia Pacific, within its sustainability centre. In this newly-created role, Gabriel will ...
, will stop investing in companies that derive more than 10% of their revenue from mining thermal coal or account for more than 1% of total global coal production, it said Thursday. BNP Paribas Asset Management said the measure will apply to all its actively managed open-ended funds and will become the default policy for other accounts it runs on behalf of institutional investors. Power generators with carbon intensity above the 2017 global average of 491 grams of carbon dioxide per kilowatt hour of electricity generated will also be excluded from portfolios, the asset manager said.
U.S. private-equity firm Carlyle Group has bought a 9 percent stake in India's SBI Life Insurance Ltd from France's largest-listed bank BNP Paribas in a deal that could be worth about $653 million. SBI ...
PARIS (Reuters) - BNP Paribas' Belgian subsidiary is about to cut between 800 and 1,000 jobs following talks with unions, French newspaper Les Echos reported on its website on Thursday. The French bank's ...