BNP Paribas (OTCMKTS:BNPQY) Announces Earnings Results

BNP Paribas (OTCMKTS:BNPQY) released its quarterly earnings data on Wednesday. The financial services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.11, Zacks reports. The business had revenue of $32.01 billion during the quarter, compared to analysts’ expectations of $14.99 billion. BNP Paribas had a return on equity of 10.39% and a net margin of 25.42%.

BNP Paribas Stock Down 2.7%

Shares of OTCMKTS:BNPQY traded down $1.31 during midday trading on Friday, reaching $47.61. The company’s stock had a trading volume of 64,881 shares, compared to its average volume of 420,648. The firm has a 50 day moving average of $55.14 and a 200-day moving average of $55.00. The firm has a market capitalization of $104.89 billion, a P/E ratio of 6.91, a PEG ratio of 0.48 and a beta of 0.80. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.62. BNP Paribas has a 12-month low of $37.50 and a 12-month high of $65.50.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Wednesday, July 15th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Monday, October 12th. DZ Bank raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Zacks Research lowered shares of BNP Paribas from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Finally, Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BNP Paribas Company Profile

BNP Paribas is a France-based international banking group offering financial services to individuals, businesses, institutions and governments. Its operations include commercial, personal and retail banking, corporate and institutional banking, and investment and protection services.

The group provides a broad range of products, including deposit and lending services, payment solutions, consumer finance, wealth management, insurance, asset management, securities services, investment banking, and financing and advisory services for corporate and institutional clients.

BNP Paribas serves customers through operations across Europe, as well as in the Americas, Asia-Pacific and other international markets.