BNP PARIBAS ORD FF 2 Stock News

ESG Investing - The Great Wall Street Money Heist Authored by Lance Roberts via The Epoch Times, Wall Street is once again in the midst of a money heist from naive investors. This time in the form of woke activism called ESG. ESG refers to the Environmental, Social, and Governance risk theoretically embedded in a business. However, while ESG investing is about taking these risks into account in investment decisions, these are all the things NOT on a companys balance sheet or earnings statements. Such is the inherent problem. However, as is also the case, with the recent surge in liberal policies, woke activism, and demand for social justice, Wall Street is more than willing to sell products to fill a need. Not surprisingly, with plenty of media coverage, ESG investing has become an enormous business. Following the financial crisis, ESG funds had roughly a ZERO market share of total assets under management. Today, ESG-labelled funds in the United States exceed $16 trillion. The question is whether investors are getting what they are paying for?

More firms adding to rate hike expectations after the Fed yesterday

LONDON (Reuters) BNP Paribas now expects the the Bank of England to raise UK interest rate hikes by 0.25% next month, rather than wait until May as previously forecast.

WTI Dips After Smaller Than Expected Crude Draw Oil prices rallied today, recovering all of yesterday''s losses with WTI back above $85 as geopolitical tensions increased (some 8,500 U.S. troops have been put on heightened alert for a possible deployment due to escalating tensions on the Russia-Ukraine border) even though President Biden appeared to walk actual deployment threats back. Crude prices are soaring on expectations that an already tight oil market could see geopolitical risks exacerbate the current imbalance, said Ed Moya, Oandas senior market analyst for the Americas. The risks are not just with the Russia-Ukraine border, but also include Iran nuclear talks and also North Korea. In the short-term, we suspect the next leg of any move will depend on inventories after 3 weeks of ugly gasoline demand and inventory build data API Crude -872k (-2.1mm exp) Cushing -1.0mm Gasoline +2.4mm (+2.2mm exp) Distillates -2.2mm (-1.6mm exp) After a small and unexpected build the week before, analysts expected a return to crude inventory drawdowns last week and they were right but the draw was much smaller than expected Source: Bloomberg WTI hovered around $85.25 ahead of the API data and slipped lower after

Apollo Global Management (APO) and its Athene subsidiary partner with BNP Paribas (BNPQY)(BNPQF) to form Eliant Inventory Solutions, a new platform for working capital and supply…

BNP Paribas Asset Management on China''s real estate sector "We are of the view that we are at a major inflection point in terms of policy and we are likely to see some significant easing," "We are involved in the sector and we are positive in the sector. We have built this position over the

Europe''s Spendthrifts Are Stuck In Irreversible Debt-Traps Authored by Alasdair Macleod via GoldMoney.com, A Euro Catastrophe Could Collapse It This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the ECB, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps. Even in a Keynesian context, the ECBs monetary policy is no longer to stimulate the economy but to keep the spendthrifts afloat. The situation has deteriorated so that Eurozone commercial banks appear to have credit restricted in New York, evidenced by the reluctance of the US banks to enter into repo transactions with them, leading to the market failure in September 2019 when the Fed had to intervene. An examination of the numbers strongly suggests that even Eurozone banks, insurance companies and pension funds are no longer net buyers of Eurozone government debt.

Futures Rebound As Fed-Induced Rout Finally Eases After yesterday''s miraculous tech recovery which saw gigacaps drop as much as 4% before recovering all losses and closing green, Nasdaq futures led gains among U.S. stock-index futures, hinting at further relief for technology stocks as Treasury yields retreated in early trading but have since steadied around 1.75%, unchanged from Monday. Nasdaq futures rose as much as 0.7%, while S&P 500 and Dow Jones contracts were also higher by about 0.4% ahead of Powells Senate confirmation hearing for second term as Fed chair which begins at 10am and where the Fed chair is expected to put on a dovish mask and walk back some of the recent hawkish commentary. Dip-buyers rescued the Nasdaq from a fifth session of declines on Monday after Marko Kolanovic urged JPM clients to buy the dip, writing that yields aren''t too high and the Fed''s won''t derail the economys rebound. We view the recent equity volatility as an adjustment to the Feds incrementally more hawkish stance, rather than a sign that the Fed is about to bring the recovery and the equity rally abruptly to an end, Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. We now expect three Fed rate hikes this year, starting as soon as March. We are looking for opportunities to raise our weighting in stocks in 2022, according to Luca Paolini, chief strategist at Pictet Asset Management, whose firm has a neutral stance on equities. The global recovery remains resilient, thanks to a strong labor market, pent-up demand for services and healthy corporate balance sheets. In his second term confirmation hearing before the Senate Banking Committee at 10am ET today, Fed Chair Jerome Powell will say the central bank will keep inflation from becoming entrenched, but the post-pandemic economy may look different from previous expansions.

Futures Resume Tumbling After Yields Spike To New 2 Year High The new week has picked up where last week left off: with futures selling off and global markets lower as yields continued their relentless treck higher, hitting fresh two year highs (amid concerns of a faster Fed balance sheet drawdown coupled with a massive IG issuance slate forcing managers to put on rate locks in what remains an illiquid market). US index futures traded down to session lows as US traders sat at their desks after rising modestly earlier in the session, and were down 27 points or 0.6% at 730am ... while Treasury yields stabilized after reversing an earlier spike rising as high as 1.8064% before dropping to 1.7656% following a global bond selloff last week as investors awaited key inflation data later in the week. Tech stocks again led the decline with Nasdaq futs down 0.63%, while Dow futures were down 0.12% or 44 points. The dollar rose, bitcoin dropped and crude oil steadied around $79 a barrel. Market volatility continues to grow almost everywhere, with lingering uncertainties keeping pressure on sentiment, said Pierre Veyret, technical analyst at ActivTrades. Traders are likely to wait for new major market drivers before pushing stock prices in new directions.

JPMorgan Chase & Co. set a 63.00 ($70.79) price target on BNP Paribas (EPA:BNP) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. BNP has been the subject of several other research reports. UBS Group set a 64.00 ($71.91) target price on shares of BNP Paribas in a research note on []

Kepler Capital Markets set a 65.30 ($73.37) target price on BNP Paribas (EPA:BNP) in a research note published on Tuesday morning, Borsen Zeitung reports. BNP has been the subject of a number of other reports. Berenberg Bank set a 55.00 ($61.80) price target on BNP Paribas in a research report on Tuesday, November 2nd. The []

Elias Neocleous & Co LLC, in collaboration with Latham & Watkins, represented Initial Purchasers J.P. Morgan, ING Bank, BNP Paribas, Credit Suisse, Deutsche Bank AG, Goldman Sachs International, Morgan Stanley, Natixis and Poalim IBI, in connection with a $450-million offering of Rule 144A/Reg S high-yield senior secured notes issuance by…

PARIS: French lending giant BNP Paribas said on Monday (Tuesday in Manila) it had sold its US retail and commercial banking arm Bank of the West for $16.3 billion in cash. BNP Paribas said in a statement that the sale to Canada''s Bank of Montreal, at a price equivalent to 14.5 billion euros, "is expected to formally close during the course of 2022" subject to clearing regulatory approval and other hurdles. "This is a value-accretive transaction for all sides, which emphasizes the quality of the Bank of the West franchise," BNP chief executive Jean-Laurent Bonnafe said. Media reports in recent weeks had suggested BNP was looking for a buyer for Bank of the West, which it has owned since 1979 and operates 555 branches in 20 US states, with over 9,000 staff. The French lender said the US arm had accounted for around 5 percent of its group-wide pre-tax earnings of between 12 and 14 billion euros in recent years. BNP said that it would distribute some proceeds of the sale to investors on completion, planning a 4-billion-euro share buyout "to compensate the expected dilution of the earnings per share" at the group.

The Transaction is expected to formally close during the course of 2022, upon customary condition precedents, including the approval of the relevant antitrust and regulatory authorities. The total agreed consideration amounts to 16.3 billion US dollars (equivalent to approximately 14.4 billion euros1 ), to be paid in cash at closing of the Transaction. The total consideration represents 1.72 times Bank of the West''s Tangible Book Value2 and 20.5% of BNP Paribas market capitalisation1, Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=283055

Kepler Capital Stick to Their Hold Rating for BNP Paribas SA