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BNP Paribas upgrades Intesa Sanpaolo stock to outperform with new price target
BNP Paribas Exane has upgraded Intesa Sanpaolo's stock from Neutral to Outperform, raising the price target to €5.60 from €4.55. This decision reflects confidence in the bank's ability to leverage the ongoing consolidation in the Italian banking sector, enhancing its lending-based revenue growth while maintaining strong cost management and capital distribution.
European banks surge as UBS falls behind Santander in market value
UBS has seen its market capitalization stagnate at around $106 billion, recently overtaken by Spain's Santander, which has surged to $107 billion amid a 50% rise in share price this year. European banks are benefiting from rising interest rates, with BNP Paribas nearing the $100 billion mark and analysts optimistic about future growth. J.P. Morgan has raised its price target for UBS, reflecting confidence in its potential despite current challenges.
hermès appoints new board members including bnpparibas ceo and former spy chief
Hermès International is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy chief Bernard Emié to its board, replacing Dominique Senequier and Alexandre Viros, respectively. The changes will be voted on at the shareholders' meeting on April 30 in Paris. Bonnafé and Cécile Béliot-Zind, CEO of Bel Group, will serve three-year terms, while Emié's term will last two years.
France issues 3 billion euros in July 2043 inflation-linked bond
France successfully issued 3 billion euros in a syndicated tap of the 0.95% July 2043 OATei bond, which is indexed to harmonized European inflation excluding tobacco. The order books closed at over 45 billion euros, with the bond priced at 88.630 and a yield of 1.676%. Joint lead managers included BNP Paribas, Citi, and JPMorgan.
Séverine Chapus set to lead Linkcity Île-de-France as new CEO
Séverine Chapus, currently the Managing Director of BNP Paribas Real Estate's development activities since 2021, is set to become the CEO of Linkcity Île-de-France. Her leadership is anticipated to bring significant changes to the organization.
Hermès appoints BNP Paribas CEO and former spy to its board
Hermès International SCA is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy agency chief Bernard Emié to its board. Bonnafé replaces Dominique Senequier, the current vice chairwoman, while Emié brings extensive experience from leading France’s DGSE until January 2024.
LendInvest secures 250 million warehouse facility with Societe Generale for growth
LendInvest has secured a £250m warehouse facility from Societe Generale to enhance its lending capabilities, reinforcing its position in the UK property finance market. This partnership will support LendInvest's digital mortgage offerings and strengthen its role as a trusted partner for institutional investors. CEO Rod Lockhart emphasized the collaboration's potential to deliver value for both companies while aiding UK landlords.
Getty Images receives neutral rating with target price of 2.45 dollars
BNP Paribas Financial Markets, Aristeia Capital, and Ameriprise Financial are among several institutional investors that acquired new positions in Getty Images during the fourth quarter, with investments ranging from $27,000 to $33,000. Currently, 45.75% of Getty Images' stock is owned by institutional investors and hedge funds. The company, which offers a variety of visual content solutions, has received mixed ratings from analysts, with a consensus "Hold" rating and an average target price of $4.60.
BNP Paribas launches My Reporting web app for enhanced data management
BNP Paribas has launched a new web app, My Reporting, on its NeoLink platform, designed for data management and reporting for institutional clients. The app features a dashboard for tracking reporting activities, a document library, customizable report templates, and a secure sharing framework. With over 18 million reports managed annually, the app aims to enhance operational efficiency and decision-making amidst a complex market environment.
bnp paribas appointed to stabilize fnac darty bond offering securities
BNP Paribas has been appointed as the Stabilisation Coordinator for FNAC DARTY SA’s upcoming EUR-denominated securities offering, with a stabilization period expected to start on March 25, 2025, and conclude by May 1, 2025. The stabilization measures aim to support the market price of the securities post-issuance, although there is no guarantee that these measures will be implemented. The consortium of Stabilisation Managers includes several banks, and the offering is directed at qualified investors outside the United Kingdom and in the European Economic Area, adhering to relevant regulations.
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