BNP Paribas: French Political Unrest Is A Manageable Risk

What happened: A Seeking Alpha analyst maintained a Buy rating on BNP Paribas shares, which have struggled recently over concerns about French political unrest, and viewed the pullback as a renewed opportunity. Why it matters: The analyst argues French retail banking is not a major income source and that modest exposure to French sovereign debt limits the impact of higher yields on capital.

A Seeking Alpha analyst maintained a Buy rating on BNP Paribas shares, which have struggled recently over concerns about French political unrest, and viewed the pullback as a renewed opportunity.

The analyst argues French retail banking is not a major income source and that modest exposure to French sovereign debt limits the impact of higher yields on capital.