BNP Paribas (#BNP) Stock Price, Live Chart & Analysis | Trade #BNP

BNP Paribas is a French financial holding which is one of the Big Five of the country's banking groups. Founded in 2000 as a result of the merger of the retail bank Banque Nationale de Paris (BNP) and investment bank Paribas, it is one of the oldest banks in the world. BNP Paribas is one of the ten largest banks in the world by assets, as well as in the top 50 most reliable banks according to Global Finance.

The BNP rate largely depends on the state of the European economy. Various restrictions, disruptions in supply and production chains in the euro area can seriously undermine the value of the stock. Its value is also affected by the current euro exchange rate. If the European currency strengthens, then BNP will increase. When dealing with BNP Paribas shares, it is important to carefully consider the monetary policy of the European Union. For example, the ECB's decision to raise the interest rate will lead to a decrease in the BNP stock price.

It is important to study the news and financial statements of BNP Paribas. Throughout its history, the bank has carried out many large acquisitions: it bought the Italian bank Banca Nazionale del Lavoro, the Belgian bank Fortis, as well as some of the subsidiaries of large financial holdings. Such news attracts more investors, as a result, the BNP stock rate increases. However, less positive news, for example, the decision not to pay dividends in 2020, may lead to a decrease in the BNP price.

It is also important to follow the controversies associated with BNP Paribas. In 2014, the bank had to pay an $8.9 billion penalty for violating the US sanctions against a number of countries. Such events negatively affect the reputation of BNP Paribas and lead to a decrease in the BNP rate.