BMPS.MI - Banca Monte dei Paschi di Siena S.p.A.

Milan - Milan Delayed Price. Currency in EUR
3.99
+0.07 (+1.79%)
At close: 5:29PM CET
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Previous Close3.92
Open3.98
Bid3.98 x 0
Ask3.99 x 0
Day's Range3.88 - 4.05
52 Week Range3.27 - 15.08
Volume2,279,121
Avg. Volume4,994,066
Market Cap4.55B
Beta1.65
PE Ratio (TTM)N/A
EPS (TTM)-119.47
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.26
  • Reuters2 days ago

    Italian banks face long, uphill road to modernisation

    Bailed-out Monte dei Paschi, the world's oldest bank and a bastion of tradition dating back to 1472, has entered the realms of virtual reality. After surviving the worst of a bad loans crisis, Italian banks face another daunting mission: modernising centuries-old businesses and finding new ways to make money. Monte dei Paschi's online arm last week launched virtual reality (VR) branches, accessed via phone app and VR headset, and said 3,500 customers had signed up in the first few hours.

  • Reuters4 days ago

    Italian bank Monte dei Paschi sets aside $671 million for civil lawsuits

    Ailing Italian bank Monte dei Paschi di Siena said on Saturday it had set aside 569.4 million euros (508.28 million pounds)to pay for civil lawsuits as of end-September, after a group of bondholders this week challenged its state rescue. The bank said in a bourse filing it could not rule out that the investors would be granted the right to go back to receiving interest payments on a 2008 floating-rate debt sale known as FRESH. Rome committed 5.4 billion euros in July to rescue Monte dei Paschi, Italy's fourth-largest bank, to prevent a wider crisis, cancelling the investments of some of its bondholders.

  • Reuters4 days ago

    Italian lender Carige seals backing for vital cash call

    Italy's Banca Carige (CRGI.MI) secured backing from core shareholders and underwriters for a vital 560 million euro (£500 million) cash call needed to stave off the threat of being wound down. Carige's last-minute failure to sign the underwriting accord had sent tremors across Italy's banking sector, triggering a recent sell-off in shares of other lenders seen as vulnerable. Carige, saddled with bad loans and accumulated losses, must boost its best-quality capital, which lags the threshold recommended by European Central Bank supervisors, by the end of the year.

  • Reuters5 days ago

    Italy's Carige set to seal backing for crucial cash call - source

    Italy's Banca Carige (CRGI.MI) could sign an underwriting accord with banks for its share issue as soon as Friday, a source close to the matter said, paving the way for the launch of a capital increase needed to safeguard its future. The Italian bank must boost its core capital ratio, which lags the threshold recommended by the ECB, by the end of the year and its share issue is a key plank of a capital plan, which also includes asset disposals and a debt swap. Although some technical details needed to be ironed out, all conditions for the underwriting had been met and Carige should launch the share issue around the middle of next week, the source said.

  • Moody's5 days ago

    Credito Valtellinese S.p.A. -- Moody's downgrades Credito Valtellinese's deposit rating to Ba3 and senior unsecured MTN rating to (P)B2; outlook developing

    Rating Action: Moody's downgrades Credito Valtellinese's deposit rating to Ba3 and senior unsecured MTN rating to B2; outlook developing. Global Credit Research- 17 Nov 2017. London, 17 November 2017-- ...

  • Reuters5 days ago

    Bondholders sue Italian bank Monte dei Paschi over rescue action

    A group of bondholders challenged Italy's rescue of ailing bank Monte dei Paschi di Siena (BMPS.MI), suing the lender over the cancellation of their investments and calling for the bonds to be reinstated. A representative of holders of the floating-rate bonds, a series maturing in 2099 and known as FRESH, said in a statement on Friday a law suit had been filed at a Luxembourg court, seeking 1 billion euros (£890 million) in damages. "While the bondholders remain open for discussions, they cannot stand by and allow for arbitrary decisions, made with no fundamental legal basis, to compromise their rights as bondholders and to undermine future confidence in the Italian and European banking sector," the group said in a statement.

  • Financial Times6 days ago

    [$$] Investors sue Monte dei Paschi over cancelled bonds

    A group of investors in the world's oldest bank, Italy's Monte dei Paschi di Siena, have filed a lawsuit in Luxembourg after it announced bonds would be annulled as part of a state-backed recapitalisation. ...

  • Reuters6 days ago

    Italy's Carige struggling with cash call as ECB deadline looms

    Italy's Banca Carige (CRGI.MI) said on Thursday it had failed to secure underwriters for a 560-million-euro (499.83 million pounds) share issue, which is a key European Central Bank demand for the lender to safeguard its future. Shares in Creval (CRGI.MI), which has just announced plans to raise 700 million euros - or 4.4 times its market value - via a share issue, closed down 19 percent. "The CEO has informed the board of progress in talks with key shareholders, institutional investors and banks in the consortium," Carige said.

  • ECB's Villeroy - Strengthen European bank rescue fund
    Reuters6 days ago

    ECB's Villeroy - Strengthen European bank rescue fund

    Euro zone countries need to strengthen their fund aimed at preventing state bail-outs of failing banks, the head of the French central bank said on Thursday. "The case of the Italian banks has illustrated just how complex it is to combine the resolution regime with the state- aid framework", Francois Villeroy de Galhau said in Amsterdam. Earlier this year, the Italian government used state aid to save ailing bank Monte dei Paschi di Siena (BMPS.MI) and to wind down two regional banks, despite European rules intended to prevent the use of taxpayer money to rescue banks.

  • Thomson Reuters StreetEvents10 days ago

    Edited Transcript of BMPS.MI earnings conference call or presentation 7-Nov-17 5:00pm GMT

    Q3 2017 Banca Monte dei Paschi di Siena SpA Earnings Call

  • Reuters15 days ago

    Italy's Monte dei Paschi posts third quarter profit on one-offs, deposits rise

    Weighed down by mismanagement, a derivatives scandal and bad debts, the world's oldest bank turned to Rome for help after failing, in late 2016, to find buyers for a 5 billion euro (4.4 billion pound) share issue needed to keep it afloat. The bank, which suffered heavy deposit outflows before the bailout, said it had added 1.6 billion euros in time deposits and current accounts since the end of June, bringing the total so far this year to 11 billion euros. It posted a third-quarter profit of 242 million euros (213 million pounds) thanks to a one-off gain linked to a debt-to-equity swap it carried out under European rules requiring private investors to bear losses before any state aid is allowed.

  • Italy's Monte dei Paschi posts Q3 profit on one-offs, deposits rise
    Reuters15 days ago

    Italy's Monte dei Paschi posts Q3 profit on one-offs, deposits rise

    Weighed down by mismanagement, a derivatives scandal and bad debts, the world's oldest bank turned to Rome for help after failing, in late 2016, to find buyers for a 5 billion euro (4.4 billion pound) share issue needed to keep it afloat. The bank, which suffered heavy deposit outflows before the bailout, said it had added 1.6 billion euros in time deposits and current accounts since the end of June, bringing the total so far this year to 11 billion euros. It posted a third-quarter profit of 242 million euros (213 million pounds) thanks to a one-off gain linked to a debt-to-equity swap it carried out under European rules requiring private investors to bear losses before any state aid is allowed.

  • Moody's23 days ago

    Siena Lease 2016-2 S.R.L. -- Moody's upgrades 4 tranches in 2 Italian ABS-SME deals

    Rating Action: Moody's upgrades 4 tranches in 2 Italian ABS-SME deals. Global Credit Research- 27 Oct 2017. Madrid, October 27, 2017-- Moody's Investors Service has today upgraded the ratings of Class ...

  • Reuters24 days ago

    Italian bank inquiry points to improper behaviour, commission's chairman tells paper

    A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behaviour, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. The cross-party commission, comprising 40 parliamentarians, was set up to look into the scandals and crises that have rocked Italian banks in recent years. "Only the commission as a whole will be able to make a final judgement, but indications of improper behaviour have certainly been found," Casini said in the interview published on Sunday.

  • Reuters24 days ago

    Italian bank inquiry points to improper behaviour, commission's chairman tells paper

    A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behaviour, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. The cross-party commission, comprising 40 parliamentarians, was set up to look into the scandals and crises that have rocked Italian banks in recent years. "Only the commission as a whole will be able to make a final judgment, but indications of improper behaviour have certainly been found," Casini said in the interview published on Sunday.

  • Moody's26 days ago

    SIENA PMI 2015 S.r.l. -- Moody's upgrades 4 tranches in 2 Italian ABS-SME deals

    Rating Action: Moody's upgrades 4 tranches in 2 Italian ABS-SME deals. Global Credit Research- 27 Oct 2017. Madrid, October 27, 2017-- Moody's Investors Service has today upgraded the ratings of Class ...

  • Reuters26 days ago

    ECB may shelve crackdown on bad loans if happy with bank plans - Angeloni

    The European Central Bank could shelve a planned crackdown on the euro zone's huge stock of unpaid loans if it is satisfied with the banks' own plans to deal with the matter, a top ECB supervisor said on Friday. Ignazio Angeloni's comments follow a fierce backlash in Italy, home to a third of the euro zone's bad loans, against new ECB rules forcing banks to set aside more money against loans that sour.

  • Reuters28 days ago

    Monte dei Paschi welcomed back by market but below rescue price

    Monte dei Paschi di Siena (BMPS.MI) shares soared on their market return after a 10-month hiatus, but remained well below the price Italy paid to bail out its fourth-largest bank. The world's oldest bank's shares last traded in Milan in December 2016 when Monte dei Paschi had to turn to Rome for help after failing to find buyers for a 5 billion euro (£4.4 billion) share issue needed to keep it afloat. Weakened by mismanagement, a derivatives scandal and bad debts, Monte dei Paschi has long been at the heart of Italy's banking crisis and its rescue removed the biggest threat to the country's financial system.

  • Reuters28 days ago

    Monte dei Paschi rises on market return, shy of bailout price

    Monte dei Paschi di Siena (BMPS.MI) shares rose sharply on their market return after a 10-month hiatus, but were well below the price Italy paid to bail out its fourth-largest bank. The world's oldest bank's shares last traded in Milan in December 2016 when Monte dei Paschi had to turn to Rome for help after failing to find buyers for a 5 billion euro (£4.57 billion) share issue needed to keep it afloat. It is, however, well below the 6.49 euros paid by the state in August when it injected 3.85 billion euros into Monte dei Paschi, implying a large paper loss for the country's taxpayers.

  • Italy Faces Huge Loss on Paschi as Shares Resume Trading
    Bloomberg28 days ago

    Italy Faces Huge Loss on Paschi as Shares Resume Trading

    The difficulty taxpayers face in recouping their money on Banca Monte dei Paschi di Siena SpA was laid bare when the world’s oldest bank returned to the stock market on Wednesday.

  • Italian State’s Paschi Shares Lose Value as Bank Resumes Trading
    Bloomberg28 days ago

    Italian State’s Paschi Shares Lose Value as Bank Resumes Trading

    Italy’s Treasury faces an uphill struggle to recover its investment in Banca Monte dei Paschi di Siena SpA after investors valued the stock at more than 25 percent less than what the government paid to ...

  • Monte dei Paschi shares to resume trading after 10-month halt
    Reuters29 days ago

    Monte dei Paschi shares to resume trading after 10-month halt

    Monte dei Paschi di Siena (BMPS.MI) shares will resume trading on Wednesday 10 months after they were suspended when Italy's fourth-largest bank failed to raise capital to bolster its finances. Monte dei Paschi said on Tuesday that Italy's market watchdog had approved a prospectus for its re-listing. The bank's stock is expected to trade below the 6.49 euro price paid by the state in August when it injected 3.85 billion euros into Monte dei Paschi, implying a large paper loss for the country's taxpayers.

  • Reuterslast month

    Monte dei Paschi's return to stock market delayed - source

    Shares in bailed-out Italian bank Monte dei Paschi di Siena are expected to resume trading on the Milan bourse in the week of Oct. 30, a source familiar with the matter said, a few days later than expected. Monte dei Paschi's shares have not traded in Milan since December 2016, when the bank failed to raise capital from investors and had to seek help from the state ahead of an 8 billion euro (£7.1 billion) rescue. The source said Italy's market watchdog Consob would likely approve the prospectus for the re-listing of Monte dei Paschi's shares in the second half of next week, paving the way for the stock to resume trading the following week.

  • EU parliament head challenges ECB over bad loan guidelines
    Reuterslast month

    EU parliament head challenges ECB over bad loan guidelines

    The head of the European parliament has challenged the European Central Bank over how new guidelines for bank bad loans are being set, escalating a row between Italy and the ECB over the proposed measures. The ECB last week issued new proposals that will force banks from 2018 to set aside more cash against newly classified bad loans and said it may also present additional measures to tackle the sector's huge stock of bad debts. Italy - whose banks hold nearly 30 percent of the bloc's 915 billion euros (£817 billion) in bad loans - has reacted angrily to the proposals, asking the ECB to soften them following a public consultation that runs until Dec. 8.

  • Moody's2 months ago

    ISPA High Speed Railway Funding Note Programme -- Moody's affirms Italy's Baa2 rating, maintains negative outlook

    Rating Action: Moody's affirms Italy's Baa2 rating, maintains negative outlook. Global Credit Research- 06 Oct 2017. London, 06 October 2017-- Moody's Investors Service, has today affirmed Italy's long-term ...