BNP Paribas Shares Drop 2.43% to €90.70 on the Day of its Annual General Meeting

Significant Decline in a Pressured Banking Sector

BNP Paribas shares fall 2.43% to €90.70. The bank ranks among the top five declines in the CAC 40, in a particularly turbulent financial sector during the session. Société Générale is down 3.93%, and Crédit Agricole by 1.46%. The sector faces a day of overall tension across European markets, with the DAX down 1.34% and the SBF 120 losing 1.02%. This decline coincides with the annual general meeting 2026 held today. The next financial milestone is the publication of the second quarter results, expected on July 23, 2026. From an analyst perspective, Morgan Stanley raised its price target yesterday from €104 to €105, while maintaining its market-weight recommendation. The implied potential is approximately 15.8% relative to the current price.

Stock Reaches Back to its 20-Day Moving Average

Today's movement brings the stock price back to the exact level of the 20-day moving average, positioned at €91.01, after several sessions above it. The 50-day moving average at €88.22 and the 200-day at €81.48 remain below the current price, indicating a persistently bullish trend over six and twelve months. The RSI at 56 remains in a neutral zone, showing no signs of tension. In terms of valuation, the stock trades at approximately 7.9 times the expected earnings for the current fiscal year, compared to 11 times on average for the European financial sector. Today's loss brings the weekly performance to 3.72%, and the three-month performance remains slightly negative at -2.16%. The identified technical support is at €80.92, more than 10% below current levels. The next financial event is the publication of the second quarter accounts on July 23.