BNP Paribas SA (BNPQY) Downgraded to Hold at Zacks Investment Research
BNP Paribas SA (NASDAQ:BNPQY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.
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. “
Separately, HSBC Holdings plc raised BNP Paribas SA from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.00.
Shares of BNP Paribas SA (NASDAQ:BNPQY) traded up 0.687% during trading on Tuesday, hitting $40.134. 204,284 shares of the company traded hands. BNP Paribas SA has a 52-week low of $25.69 and a 52-week high of $40.62.
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BNP Paribas SA Company Profile
BNP Paribas SA is a France-based company engaged in the financial industry. The Company provides banking and financial services. The Company operates in two divisions: Retail Banking and Services, and Corporate and Institutional Banking (CIB). The Retail Banking and Services division includes retail banking networks and specialized financial services in France and abroad.
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