Previous Close | 3.6860 |
Open | 3.6200 |
Bid | 3.5050 x 0 |
Ask | 3.6520 x 0 |
Day's Range | 3.5460 - 3.6780 |
52 Week Range | 2.2090 - 4.3480 |
Volume | |
Avg. Volume | 1,757,546 |
Market Cap | 5.508B |
Beta (5Y Monthly) | 1.19 |
PE Ratio (TTM) | 7.61 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.23 (6.27%) |
Ex-Dividend Date | Apr 24, 2023 |
1y Target Est | N/A |
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MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Wednesday did not rule out the Italian bank reassessing a potential acquisition of Monte dei Paschi di Siena in the future, after talks collapsed in 2021. Monte dei Paschi is 64% owned by the Italian state, which needs to eventually cut its stake to meet re-privatisation commitments given to the European Union at the time of the bailout. Monte dei Paschi raised 2.5 billion euros in capital in December, despite rocky markets, to finance thousands of voluntary staff exits and cut costs.
MILAN (Reuters) -Italy will work to exit the capital of bailed-out lender Monte dei Paschi di Siena with a view to having several large banking groups in the country, Prime Minister Giorgia Meloni said on Thursday. Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen playing a pivotal role in the consolidation expected among Italy's mid-sized lenders. After failing last year to clinch a sale of MPS to UniCredit, the government is expected to seek another merger to cut its stake.
The European Central Bank has raised the minimum core capital requirement at Banco BPM to 8.70% for next year compared with 8.52% at present, Italy's third-largest bank said on Thursday. Banco BPM, which had a fully-phased best quality capital ratio of 12.39% at the end of September, said it stuck by its goal of a level of more than 13% at the end of the year.