RBC cut BNP Paribas stock target to EUR 105 from EUR 109

Published on 10/26/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BNP Paribas stock trades at EUR 85.07 on October 26, 2026, 1.82 percent above the Xetra close. Third-quarter results are due October 28.

Analyst view and earnings date

RBC retained its Outperform rating for BNP Paribas on October 12, 2026.
Second-quarter net income reached EUR 4,345 million, up 33.40 percent year over year.
BNP Paribas stock trades at EUR 85.07 at 9:44 a.m. CET at Lang & Schwarz on October 26, 2026, 1.82 percent above the Xetra close of October 23, 2026.
Third-quarter results are scheduled for October 28, 2026, followed by full-year results on February 2, 2027.

BNP Paribas S.A., FR0000131104, Illustration mit AI erstellt.

BNP Paribas S.A. (ISIN FR0000131104) stock was trading at EUR 85.07 at Lang & Schwarz on October 26, 2026, 1.82 percent above the Xetra close of October 23, 2026 at EUR 83.55. On October 12, 2026, RBC Capital cut its price target from EUR 109 to EUR 105 while retaining an Outperform rating, according to Markets Insider.

What does the next result need to show?

The October 28 report will test whether BNP Paribas can extend the earnings momentum shown in its latest published quarter. In the second quarter of 2026, net banking income reached EUR 14,091 million, up 12.00 percent from the second quarter of 2025, while net income attributable to shareholders rose 33.40 percent to EUR 4,345 million, according to BNP Paribas. The cost-income ratio improved to 56.70 percent from the prior-year quarter, and the CET1 ratio stood at 13.00 percent on June 30, 2026.

The capital picture gives the earnings release a second test. BNP Paribas ended the second quarter with a CET1 ratio 20 basis points above its March 31, 2026 level, while its cost of risk was 39 basis points. For investors, the key question is whether revenue growth and capital strength can offset the lower RBC target.

Three dated milestones frame the stock

On April 30, 2026, first-quarter revenue reached EUR 13,100 million and net income was EUR 3,220 million, as reported by Simply Wall St. On July 23, 2026, BNP Paribas reported second-quarter net banking income of EUR 14,091 million and net income of EUR 4,345 million. On October 12, 2026, RBC Capital lowered its target from EUR 109 to EUR 105 while keeping Outperform.

Next dates are fixed

BNP Paribas has scheduled third-quarter 2026 results for October 28, 2026, with the analyst webcast at 2:00 p.m. CET. The agenda also lists February 2, 2027, for full-year 2026 results.

Stock price and valuation

BNP Paribas has a market capitalization of EUR 93.0 billion as of October 26, 2026. Its 52-week range is EUR 65.12 to EUR 113.82, placing the Lang & Schwarz quote inside the established trading band.

BNP Paribas stock was trading at EUR 85.07 at Lang & Schwarz on October 26, 2026 at 9:44 a.m. CET, 1.82 percent above the Xetra close of October 23, 2026 (EUR 83.55). The further course of trading is shown by the continuously updated real-time quote of BNP Paribas stock.