BNP Paribas

French banks : From political mayhem to sovereign stress

05/10/26 -"French banks are trading as sovereign proxies again as French 5y CDS jumped from 33bp to 80bp since early September. We cut TPs 12–15%, raising cost of equity 60bp and trimming France-exposed NAV ..."

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66
Language
English
Published on
05/10/26
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05/10/26
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EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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