BNP Paribas share declines during trading session, among the steepest falls in the CAC 40
BNP Paribas extends its decline mid-session, in a CAC 40 that is nonetheless oriented upward. The stock is among the steepest falls in the index, as French debt remains at the center of concerns.
Below the three moving averages, declining 1.17%
The stock declines 1.17% to €90.47 and loses 8.09% over the week. The stock falls to €90.47, below the previous close of €91.54, and remains oriented downward during the session (latest price at €90.08). The price is also below its three moving averages: the 20-day MA at €98.45 is 8.10% above the price, the 50-day MA at €102.13 is 11.42% above the price. The 200-day MA at €91.72 is only 1.36% away.
The stock has been trading ex-dividend since September 24, following the detachment of a coupon of €3.23. Excluding the dividend detachment, the decline is 8.81% over one month and 7.52% over three months. Among the steepest falls in the CAC 40, BNP Paribas is evolving in a banking sector where Crédit Agricole (-1.63%) and Société Générale (-0.91%) are also declining.
French debt and 2027 budget: the interest rate context for banks
The decline occurs as the government has just presented its 2027 budget project, with public deficit maintained at 5% of GDP and uncertain adoption by the National Assembly. According to the Banque de France, the 10-year OAT is at 4.90% on October 1st, its highest level since 2002, or 79 basis points higher in one month. The spread with the German Bund reaches 1.30 point, a high since 2012.
The consensus of analysts values the stock at approximately 7.8 times current fiscal year earnings, with expected earnings per share growth of 14.1%. For BNP Paribas, the next major milestone is the presentation of its 2030 strategic plan, scheduled for February 2, 2027.
