BNP Paribas (OTCMKTS:BNPQY) Posts Earnings Results, Beats Expectations By $0.11 EPS

BNP Paribas (OTCMKTS:BNPQY) announced its earnings results on Wednesday. The financial services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.11, Zacks reports.

BNP Paribas Price Performance

Shares of BNPQY stock traded down $0.49 during mid-day trading on Wednesday, hitting $48.17. 53,682 shares of the company’s stock were exchanged, compared to its average volume of 420,329. The stock has a 50-day simple moving average of $55.70 and a two-hundred day simple moving average of $55.00. BNP Paribas has a fifty-two week low of $37.50 and a fifty-two week high of $65.50.

Analyst Upgrades and Downgrades

BNPQY has been the topic of a number of research reports. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Zacks Research downgraded BNP Paribas from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research report on Monday, October 12th. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Finally, Kepler Capital Markets raised BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.