+ Watch BNPQY
on My Watchlist
French bank will be brought down by euro collapse
how low can it go?? how about all the way?
BNP Paribas is one of the world's largest banks (it changes weekly nowadays so I don't have an exact ranking). While it may suffer from exposure to Eastern European Markets, the French Government has insitituted a generous capital relief program for BNP. It is in a relatively secure posiiton and will soon profit off of the decline of London banks and Deutsche Bank.It will suffer in the short term, but long term it will easily reach $35 again.
In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged Bank.
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