Why BNP Paribas SA (BNPQY) Stock Fell Today

NEW YORK (TheStreet) -- Shares of BNP Paribas SA  (BNPQY) closed down -3.93% to $34.67 after the Wall Street Journal reported that the Justice Department is pushing the French bank to pay over $10 billion to resolve a criminal probe into allegations it evaded U.S. sanctions against Iran and other countries for years.

That which would represent one of the largest penalties ever imposed on a bank, sources told the Journal.

Must Read: Warren Buffett's 25 Favorite Growth Stocks


BNPQY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

European Stocks Sink on Trump Woes and FOMC Minutes

Bank Stocks Hit By Fed Minutes As European Markets Fall

European Benchmarks Rebound as North Korea Tensions Dissipate

Renewed Speculation of ECB Tightening Boosts the Euro

European Banks Stocks Rebound as Investors Put Risk Bank Into Play