Latest Pulse Events on BNP Paribas S.A.

MyIntroducer.com - Mar 16, 2010
BNP Paribas S.A. (BNP) - Morgan Stanley

"BNP Paribas and UBS also received price target upgrades from Morgan Stanley helping to boost banking shares across Europe.

AMG And Artemis Management Complete Acquisition

The Street: Banks - Mar 15, 2010
BNP Paribas S.A. (BNP) - The Street.com

Affiliated Managers Group, Inc (NYSE: AMG) in partnership with the management team of Artemis Investment Management Ltd, today announced the completion of the acquisition of Artemis from Fortis Bank S. A./N. V., a subsidiary of BNP Paribas Group (EPA: BNP). Founded in 1997, Artemis is a leading United Kingdom fund manager, specializing in active investment management for retail and institutional investors in the UK, as well as Europe and the Middle East. With offices in London and Edinburgh, Artemis manages approximately UK£10 billion (US$16 billion) in assets across a range of mutual funds and segregated institutional accounts.

Another Win for BNP Paribas, Another Loss for ING

New York Times - DealBook - Feb 17, 2010
BNP Paribas S.A. (BNP) - New York Times - DealBook

The diverging fortunes of Europe's biggest banks were evident Wednesday as the largest French bank, BNP Paribas , reported another strong quarterly profit, while its Dutch rival, ING Group , booked a larger than expected loss to repay government bailout funds, David Jolly reports in The New York Times.

BNP Paribas beats Q4 forecasts on lower charges

Reuters - Feb 17, 2010
BNP Paribas S.A. (BNP) - Christoph Bossmann at WestLB

"The bottom line looks good but on the underlying level it was slightly below estimates," said WestLB analyst Christoph Bossmann BONUS CONTROVERSY BNP Paribas is the first of France's top banks to post fourth quarter results with the sector still weighed down by writedowns on toxic assets, the debt woes of Greece and a political backlash against bankers' bonuses

BNP Paribas Posts Fourth Straight Quarterly Profit on Fortis

Bloomberg - Feb 17, 2010
BNP Paribas S.A. (BNP) - Simon Maughan at MF Global Securities

"You're getting a pretty stable earnings basis and you've got synergies" from the Fortis takeover, Simon Maughan , a London based analyst at MF Global Securities Ltd who has a "buy" rating on the stock, said before the earnings announcement

Led by Chief Executive Officer Baudouin Prot , the French bank became the largest by deposits in the euro region with the 104 billion euro purchase of Fortis's banking units in Belgium and Luxembourg last year "You're getting a pretty stable earnings basis and you've got synergies" from the Fortis takeover, Simon Maughan , a London based analyst at MF Global Securities Ltd who has a "buy" rating on the stock, said before the earnings announcement "There is a safe but predictable story there" BNP Paribas has gained 95 percent in Paris trading in the last 12 months, compared with a 57 percent advance in the 52 company Bloomberg Europe Banks and Financial Services Index
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BNP Paribas Posts Fourth Straight Quarterly Profit on Fortis

Bloomberg - Feb 17, 2010
BNP Paribas S.A. (BNP) - Jaap Meijer at Evolution Securities

That compares with 124 billion euros in the previous three months and a record 207 billion euro pretax loss in the year earlier period, triggered by market swings after the collapse of Lehman Brothers Holdings Inc "They're more or less in line with investment banking peers," said Jaap Meijer , a London based analyst at Evolution Securities Ltd who has a "buy" rating on the shares

That beat analysts' estimates for 23 billion euros Pretax earnings at BNP Paribas's corporate and investment banking unit amounted to 834 million euros in the quarter That compares with 124 billion euros in the previous three months and a record 207 billion euro pretax loss in the year earlier period, triggered by market swings after the collapse of Lehman Brothers Holdings Inc "They're more or less in line with investment banking peers," said Jaap Meijer , a London based analyst at Evolution Securities Ltd who has a "buy" rating on the shares Revenue at the investment banking unit was 221 billion euros in the fourth quarter, a 25 percent decline from the prior three months Bad loan provisions at the investment bank were at 282 million euros, 51 percent less than the third quarter and 78 percent less than the year earlier period
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BNP calls for adherence to rules

Financial Times - Feb 17, 2010
BNP Paribas S.A. (BNP) - Jon Peace at Nomura

BNP Paribas said yesterday it was paying less in bonuses than its peers despite a 93 per cent rise in net profit, helped in part by last year's acquisition of Fortis bank.

BNP Paribas, Oce, Spyker, Tessenderlo: Europe Equity Preview

Bloomberg - Feb 11, 2010
BNP Paribas S.A. (BNP) - Brice Vandamme at Deutsche Bank

BNP Paribas SA (BNP FP): The French bank was downgraded to "hold" from "buy" at Deutsche Bank AG by equity analyst Brice Vandamme

That Greek CDS tr?gger

FT Alphaville - Feb 05, 2010
BNP Paribas S.A. (BNP) - FT Alphaville

You can see more of those market expectations in the below table, courtesy of BNP Paribas, and showing market implied default probabilites for a few of the European peripherals: What the market seems to be saying, then, is that if Greece makes it through the next 12 months, it will probably be alright for the next 48

Artemis bosses to buy back control from Fortis – and bag a bargain

Scotsman.com - Business - Feb 01, 2010
BNP Paribas S.A. (BNP) - Gurjit Kambo at Numis Securities

"It seems a good deal for the Artemis team: they will be buying back in at a much lower price than they sold for and will have control back," said Gurjit Kambo of Numis Securities