BNP Paribas Delivers Solid Quarterly Report, Set Up For U.S. Growth

BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY) delivered solid quarterly results today, with net income 16% above consensus at €1.358 billion, but the bank will have to find new ways to keep growing in future quarters. BNP Paribas price target “The beat came from credit costs (with lower coverage) and, at 55bp, it is difficult to see how much lower this can go,” says a recent Jefferies report from analysts Omar Fell, Joseph Dickerson, and Jean Farah. The report sets a price target of €52.77 and gives BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY) a Hold rating. Retail revenues came in slightly below consensus, but…