Zacks Investment Research cut shares of BNP Paribas (OTCMKTS:BNPQY) from a hold rating to a sell rating in a report published on Monday morning.
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. “
BNP Paribas (OTCMKTS:BNPQY) traded up $0.03 during trading on Monday, reaching $40.91. The company’s stock had a trading volume of 2,717 shares, compared to its average volume of 131,588. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.61. The stock has a market cap of $101,921.98, a P/E ratio of 12.78 and a beta of 1.10. BNP Paribas has a twelve month low of $28.65 and a twelve month high of $41.20.
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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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