BNP Paribas Shares Drop 2.86% to €89.40, Weighing Down the Banking Sector
BNP Paribas stock fell by 2.86% to €89.40 this Friday midday, following a 1.39% decline in the CAC 40. The bank is among the sharpest declines in the Paris index. This movement is part of an overall downward trend for French banking stocks during the session.
A Session in the Red Brings the Stock Below its 20-Day Moving Average
BNP Paribas stock has fallen below its 20-day moving average (MM20) at €91.10, with a deviation of -1.87%. However, the price remains above the 50-day moving average (MM50) at €88.03 and well above the 200-day moving average (MM200) at €81.68, more than 9% above the latter. In the Bollinger Bands, the stock is in the lower 25% range, with a lower boundary at €87.70. The RSI at 55 remains neutral. The weekly decline is 4.12%, while the performance over one year remains positive at 11.86%. The French banking sector is following suit, with Société Générale down 1.94% and Crédit Agricole down 1.66%.
A Busy Schedule Following the May 12 AGM and Before Second Quarter Results
The bank has just completed several corporate events. The annual general meeting was held on May 12. Earlier in May, the group indicated that it has MREL levels above the new requirements set by the ACPR for 2026. In terms of valuation, based on the consensus of eleven analysts recorded by yfinance as of May 15, 2026, the stock is trading at approximately 7.8 times the expected earnings for the current fiscal year, compared to 11.0 times on average for the Financials sector. The expected EPS growth from one year to the next is 11.7%. The interest rate environment remains a key parameter for the sector, with the 3-month Euribor at 2.175% at the beginning of April, up 0.19 point over twelve months. The next official event: the publication of the second quarter 2026 results, expected on July 23.
