BNP Paribas Stock Rises 2.05%, Breaks Resistance at €93.40 and Targets €95
The French bank marks a bullish session, among the top performers on the CAC 40 at midday. The stock surpasses a technical threshold closely watched for weeks, as the group has recently raised its profitability targets in Belgium.
BNP Paribas Stock Among the Strongest Gainers on the CAC 40
BNP Paribas stock advances 2.05% to €94.48 at midday, among the strongest gains on the CAC 40, which is up 0.72%. The stock has broken its identified resistance at €93.40 and is now trading above its three moving averages, with a gap of 3.74% over the MM20 (€91.07) and 14.80% over the MM200 (€82.30). The RSI at 57 remains in the neutral zone, with no immediate overheating signal despite this breakthrough. The session is part of a rebound in the European banking sector, with Credit Agricole up 0.97% while Societe Generale is down 0.25%. Over one year, BNP Paribas now shows a gain of 22.48%.
A Rebound Driven by Raised Belgian Targets and Still Reasonable Consensus
On Monday, the bank raised its profitability targets for its Commercial Bank in Belgium, aiming for a pre-tax return on notional equity of 22% by 2028 (up from 20%) and 25% by 2030 (up from 23%). This increase fuels the bullish movement, while the stock is trading at about 8.2 times the earnings expected for the current fiscal year and 7.3 times those of 2027 according to the consensus of surveyed analysts, with an expected EPS growth of 11.7% from one year to the next. In the background, the steepening of the curve (10-year OAT up 0.34 point over three months) remains rather favorable to the interest margins of the sector. The crossing of €93.40 now places the €95 zone as the next technical marker to watch.
