|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.20 - 23.49|
|52 Week Range||21.55 - 32.85|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||6.91|
|Forward Dividend & Yield||1.70 (6.39%)|
|1y Target Est||24.85|
HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years.
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.
Indian stocks zoomed to a record and the rupee and sovereign bonds climbed after exit polls signaled Prime Minister Narendra Modi’s ruling coalition is poised to retain power. The S&P BSE Sensex rallied 3.8% to a new high, its second in over a month, as exit polls predicted a comfortable majority for the Bharatiya Janata Party and its allies. A gauge of stock-market volatility slumped, the rupee rose the most since December and the yield on benchmark 2029 bonds slid eight basis points.
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.
Futures in New York were little-changed for the day but finished the week off by 0.5 percent. The world’s two biggest economies wrapped up high-level talks in Washington without a deal, but they avoided a complete breakdown in negotiations despite U.S. President Donald Trump’s decision to raise tariffs on $200 billion in Chinese exports. Tensions continued to rise this week between the U.S. and Iran, with Washington dispatching an aircraft carrier group to the Middle East, and the U.S. threatened more sanctions against fellow OPEC member Venezuela amid political strife there.
Societe Generale SA got some relief from its key equities business and stronger capital levels in a quarter that prolonged the slump in its investment banking unit. The diverging results show the challenge for Chief Executive Officer Frederic Oudea, who is facing a crucial shareholder vote this month on a new term. Oudea, the longest-serving CEO of a top European bank, is cutting 1,600 jobs after he had to give up his main mid-term targets for growth and profitability.
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 ...
U.S. and international oil prices ended Monday’s trading session little changed from where they began the day. While London futures settled lower, the West Texas Intermediate contract traded in New York posted a small gain. U.S. exemptions that allowed China and several other major buyers to purchase Iranian oil will expire May 2, cutting off supplies from OPEC’s No. 4 producer.
BNP Paribas, a premier global banking partner, announced today the appointment of Dr. Daniel Ahn as Chief US Economist and Head of Markets 360™ North America, the bank’s market strategy and economic commentary division. Previously, Dr. Ahn was the Chief Economist and led data analytics at the U.S. Department of State. Dr. Ahn was a senior advisor at the U.S. Federal Reserve Board of Governors and held research and teaching positions at Harvard University, the National Bureau of Economic Research, Columbia University, the Council on Foreign Relations, the International Monetary Fund, Johns Hopkins University and Georgetown University.
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, a leading European provider of banking and financial services, announces an equity investment in Forge Global, Inc. (“Forge”), the leading marketplace for pre-IPO securities, in addition to a strategic product collaboration. The collaboration will involve the development and distribution of investment products providing exposure to Pre-IPO / private innovation companies. Angel Rodriguez-Issa, Global Head of Strategic Investments at BNP Paribas Global Markets, joins Forge’s board as an observer.
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 ...