BNP PARIBAS/S (OTCMKTS:BNPQY) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of BNP PARIBAS/S (OTCMKTS:BNPQY) from a sell rating to a hold rating in a report published on Monday, Zacks.com reports.

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. “

BNPQY has been the topic of several other research reports. ValuEngine raised shares of BNP PARIBAS/S from a strong sell rating to a sell rating in a research report on Wednesday, May 1st. Bank of America started coverage on shares of BNP PARIBAS/S in a research report on Wednesday, April 3rd. They issued a neutral rating on the stock.

Shares of OTCMKTS BNPQY opened at $23.16 on Monday. BNP PARIBAS/S has a fifty-two week low of $21.55 and a fifty-two week high of $32.85. The stock has a market capitalization of $58.56 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.69.

BNP PARIBAS/S (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.83 earnings per share for the quarter. BNP PARIBAS/S had a net margin of 18.42% and a return on equity of 7.39%. The business had revenue of $12.66 billion for the quarter. As a group, sell-side analysts expect that BNP PARIBAS/S will post 3.21 earnings per share for the current year.

About BNP PARIBAS/S

BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company 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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