|Day's Range||7.95 - 7.96|
|52 Week Range||4.23 - 8.05|
|PE Ratio (TTM)||20.57|
|Earnings Date||Jul 26, 2017 - Jul 31, 2017|
|Dividend & Yield||0.36 (4.52%)|
|1y Target Est||8.03|
Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state. Italy's fourth biggest bank had 26 billion euros ($29.04 billion) in gross defaulting debts at the end of last year and has set a June 28 deadline for the talks with Quaestio, the fund which manages Italy's banking industry rescue fund Atlante and will also conduct negotiations on behalf of other investors. The bank did not name those investors but sources have said they are U.S. private equity fund Fortress and Italian bad loan manager Credito Fondiario, in which U.S. fund Elliott has a 44 percent stake.
Monte dei Paschi di Siena is close to reaching an agreement with the European Commission that will pave the way for a state bailout of Italy's fourth biggest bank, a senior Italian treasury official said on Tuesday. Striking an accord for Monte dei Paschi "is a matter of days," Fabrizio Pagani, told reporters on the sidelines of a conference. The Italian government is expected to pump as much as 6.6 billion euros into the bank, giving it a stake of around 70 percent in Monte dei Paschi, through a scheme that imposes some losses on the bank's junior bond holders.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Fortress Investment Group LLC with the following peers – Invesco Ltd., Apollo Global Management, LLC Class A, Oaktree Capital Group, LLC Class A, Blackstone Group L.P., KKR & Co. L.P., Och-Ziff Capital Management Group LLC Class A, Carlyle Group L.P. and Ares Management LP (IVZ-US, ... Read more (Read more...)