Why did BNP Paribas rise on 6 October?
Written after the close on
BNP Paribas +2.51%
BNP Paribas rose sharply, helped by upbeat analyst calls on AI names. Over the last five trading days BNP Paribas fell clearly, going the other way while the broad US market rose clearly and the financial sector was roughly flat. The weakness likely reflects profit-taking after a strong run and caution ahead of its late-October earnings report, partly offset by its busy week of broker actions — upgrading Nebius, raising targets on Nvidia and Intel, lifting SSAB's target, cutting Sandvik, and expanding into Nordic wealth management. The last session's sharp rebound was likely driven by those bullish AI-related calls, which lifted sentiment around its equity research franchise. Watch the late-October earnings report for the next real test.
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