BNP Paribas Act. Cat.A
BNP: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| C$z | LOCK|k> | LOCK|@Gz@@GF |
French Banks Rattled by Political Turmoil, but Market Reaction Looks Overdone
Shares of BNP Paribas, Crédit Agricole, and Société Générale plunged 8%–10% on Aug. 27, as renewed political instability gripped France. The spread of French 10-year bonds over German bunds spiked by 14 basis points to 82 basis points —just shy of its November 2024 highs.
