The French bank BNP Paribas not only repeatedly appears on our top 10 lists, I also see it on several lists of sustainable corporate management. Anyone who reads the news quickly realizes that European banks have a bad reputation. This can be due to the euro or to a market that is still too fragmented. But with Covid the banks have become much more important. You need them to distribute the money. So why this bad reputation? On closer examination, the bad news turns out to be good news as we present here in this podcast. BNP Paribas is also expanding its profitable investment banking business. As we already have the conservative banking stocks Credit Suisse and UBS (purchased in March 2020) in our portfolio, a risky stock makes sense as a supplement. Furthermore, the bank's Obermatt ranks in the September Top 10 list of the CAC 40 are all in the dark green range. We have therefore decided to buy BNP Paribas shares. We wish you much success with your decision.
September 18, 2020