BNP Paribas (OTCMKTS:BNPQY) Sees Large Volume Increase - What's Next?

Key Points

• BNP Paribas trading volume surged 120% to approximately 890,903 shares, while the stock edged down 0.7% to $59.67.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” based on one Strong Buy, three Buys, and four Holds.
• The bank exceeded quarterly expectations, reporting $2.16 in EPS versus a $1.92 estimate and $16.38 billion in revenue versus the $15.44 billion consensus forecast.

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 890,903 shares were traded during mid-day trading, an increase of 120% from the previous session's volume of 404,519 shares.The stock last traded at $59.67 and had previously closed at $59.76.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BNP Paribas in a report on Wednesday, July 15th. DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Royal Bank Of Canada reiterated an "outperform" rating on shares of BNP Paribas in a research report on Monday, July 27th. Citigroup reissued a "buy" rating on shares of BNP Paribas in a research note on Monday, July 20th. Finally, Kepler Capital Markets raised shares of BNP Paribas from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

BNP Paribas Stock Down 0.7%

The stock has a market cap of $130.78 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.58 and a beta of 0.77. The firm's fifty day moving average price is $60.69 and its two-hundred day moving average price is $55.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.76.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.24. The business had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%. Sell-side analysts forecast that BNP Paribas SA will post 6.72 earnings per share for the current fiscal year.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.

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