BNP Paribas Rallies, ASML Gains, JD Sports Falls
On this episode of Stock Movers:
- BNP Paribas announced a new buyback and plans to reach a target for capital strength early as Chief Executive Officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price.Shares rallied as much as 6.6%, as the measures reassured investors following a series of setbacks.
- ASML shares gained as Nvidia’s upbeat forecast soothed fears of an AI spending bubble
- JD Sports shares drop as much as 2.4% this morning after the apparel retailer warned annual profit before tax and adjusting items will be at the lower end of market expectations. Shares have already pared losses, with analysts noting the stock is trading at a low multiple
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