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Citigroup upgraded Coty's outlook from Neutral to Buy on March 20, 2025, with an average one-year price target of €8.13/share, indicating a potential upside of 57.89% from its closing price of €5.15/share. Institutional ownership has increased, with 665 funds reporting positions, and total shares owned rising by 4.28% to 428,627K shares. Notable shareholders include Bnp Paribas Arbitrage, Banco Santander, and Ameriprise Financial, each adjusting their portfolio allocations in recent months.
BNP Paribas Wealth Management's Asia investment services head, Shafali Sachdev, noted a surge in structured products flows driven by interest in US technology stocks and the emergence of DeepSeek. With declining interest rates encouraging market participation, she anticipates strong inflows into structured products to persist into 2025, amid ongoing market volatility influenced by new US leadership and other developments.
BNP Paribas has appointed Eric Tran as chief sustainability officer for global banking in Asia-Pacific, effective immediately, with plans to relocate from Hong Kong to Singapore later this year. He will lead the ESG strategy across all business lines.Sun Life Financial has named Bennet Li as senior vice president and chief financial officer for Asia, also effective immediately. Li, who has been interim CFO since September 2024, will be based in Hong Kong and report to the executive vice president and the president of Sun Life Asia.
BNP Paribas has published the English version of its Universal Registration Document and Annual Financial Report for 2024, which was filed with the Autorité des Marchés Financiers on 20 March 2025. The document includes the annual financial report, corporate governance report, and information on statutory auditors' fees. It is available on the BNP Paribas website and the AMF website.
BNP Paribas, acting as a Stabilisation Manager, announced no stabilisation actions were taken for Seche Environment SA’s recent EUR 400 million bond issue, which carries a 4.5% interest rate and matures in March 2030. The bonds were offered at par and are not registered under the U.S. Securities Act, prohibiting public offering in the U.S. alongside Natixis, BNP Paribas clarified that the information is for informational purposes only.
Eric Tran has been appointed as the APAC Global Banking Chief Sustainability Officer at BNP Paribas, where he will oversee ESG issues for both corporate and investment banking. He is set to relocate from Hong Kong to Singapore in the second half of the year.
Julien Scemama has joined SocGen in Paris as the head of its equity private placements team in EMEA, moving from BNP Paribas in London. With private placements gaining traction as a preferred fundraising method for corporates, banks are bolstering their teams in this area, reflecting a growing trend in private capital.
BNP Paribas plans to close a third of its branches in France by 2030, affecting up to 500 locations, due to increased digitization and declining foot traffic. The bank aims to invest in technology and staff training as part of a strategic plan to enhance customer service. CEO Jean-Laurent Bonnafé emphasized that this initiative is a re-evaluation of banking methods rather than a restructuring effort.
BNP Paribas anticipates a rebound in the IT sector, projecting high single-digit to near double-digit growth by FY27, despite current challenges. Analyst Kumar Rakesh advises investors to wait until April for a better entry point, as earnings cuts and conservative guidance are expected to stabilize the sector. He highlights Persistent Systems as a notable midcap stock while cautioning about macroeconomic risks.
BNP Paribas’ Securities Services has been selected by ProCapital, a subsidiary of Crédit Mutuel Arkéa, to provide a comprehensive suite of services across European markets, including custody, clearing, and securities lending. This partnership enhances ProCapital's operational efficiency through BNP Paribas’ integrated Execution-to-Custody solution, building on their existing collaboration in North America since 2021. Both companies emphasize their shared commitment to delivering high-quality service and client satisfaction.
BNP Paribas SA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Citigroup upgrades Coty outlook to buy with significant price target increase
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