BNP Paribas share threatens its support at €100.66 and declines by 2.7%
BNP Paribas amplifies its decline this Wednesday, in a CAC 40 under pressure, and comes close to a technical threshold monitored for several sessions. The rapid rise in long-term rates in the eurozone, with the 10-year Bund at its highest level in fifteen years, weighs on the entire Paris banking sector.
A decline of 2.71% that brings the share closer to its support at €100.66
BNP Paribas loses 2.71% to €101.06 during the session, after closing at €103.88 the previous day. The share thus finds itself just a few cents away from its support at €100.66, representing a gap of less than 0.4%, placing it at the level of this floor. Over one month, the value shows a decline of 10.12%, although the one-year performance remains solid at +31.76%.
In this context, the RSI at 44 remains in neutral territory, without any oversold signal, while the share has fallen below its 20 and 50-day moving averages since the previous session, the two now standing respectively at €106.53 and €105.87, over 4.5% above the current price. Only the 200-day moving average at €92.57 remains significantly below, leaving a cushion of 9.17% compared to today's price. The banking sector as a whole is declining: Société Générale loses 1.79% and Crédit Agricole 2.06% during the session, in a Paris market that is down 1.87%.
Deutsche Bank raises its target to €109 while the rate environment remains a key factor
Deutsche Bank has revised upward its price target on BNP Paribas, raising it from €106 to €109 with a "hold" rating, according to a revision dated September 8, 2026. At the current price of €101.06, this target represents upside potential of nearly 8%. Based on expected earnings per share, the share is trading at approximately 8.8 times current fiscal year earnings and 7.7 times the following fiscal year's earnings, according to the consensus of surveyed analysts, with anticipated EPS growth of 14.4% from one fiscal year to the next.
Furthermore, BNP Paribas is historically sensitive to ECB benchmark rate levels and inflation: in this regard, the 10-year Bund yield is flirting with fifteen-year highs around 3.40%, while the 3-month Euribor stands at 2.51%. This high long-term rate configuration could support banks' interest margins over the medium term, even though it generates increased short-term volatility in valuations. The support at €100.66 remains the level to watch for the rest of the session.
