{
Fortis Inc.

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Belgium considers selling BNP Paribas stake to fund defense spending

Shares in BNP Paribas fell 2.6% after reports emerged that the Belgian government is considering selling its 5.6% stake to fund an increase in defense spending. The potential sale, valued at approximately 4.84 billion euros, follows a significant rise in BNP's stock, which had reached an 18-year high last week.
Investing.com
Euro Fortis Inc. BNP Paribas SA BEL FRA
Finance & Economy, Market Report
11:06 02.04.2025

fortis reports earnings beat and dividend cut amid market challenges

Fortis Inc. serves approximately 447,000 retail customers in southeastern Arizona and 103,000 in Mohave and Santa Cruz counties, with a total capacity of 3,408 MW, including solar and wind energy. Recently, Barclays PLC significantly reduced its stake in Fortis, while other institutional investors increased their holdings. The company reported a quarterly EPS of $0.85, surpassing estimates, and declared a quarterly dividend of $0.4382 per share, reflecting a 4.16% yield.
MarketBeat
Fortis Inc. CAN
Business & Industry, Market Report
09:07 23.01.2025
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