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BNP Paribas: Deutsche Bank still positive

(CercleFinance.com) - Deutsche Bank confirms its buy rating on the BNP Paribas share, having nudged up its corresponding target price from 55 euros to 56 euros (upside of about 20%).


Analysts welcome growth in its net banking income in Q3 (+5%, i.e. 2% better than expected), as well as pre-tax net income outpacing the consensus by 6% (and 3% above Deutsche Bank's estimates). This is the case for each of the French bank's three divisions.

Finally, BNP Paribas is well on its way to reaching its FY targets, particularly as it has a favourable comparison basis.


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