|Bid||1.8170 x 0|
|Ask||1.8278 x 0|
|Day's Range||1.7720 - 1.8292|
|52 Week Range||1.4866 - 105.6000|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||0.66|
|Earnings Date||Nov 11, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 23, 2011|
|1y Target Est||9.67|
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State-owned Italian bank Monte dei Paschi di Siena (MPS) said on Friday it had booked 925 million euros ($950 million) in charges relating to cutting nearly 20% of its staff, resulting in a 388 million euro third quarter loss. "We've been working since the very beginning to set up a ... commercial plan to ensure full operational services and effective coverage of customers from day one," he told analysts.
Monte dei Paschi di Siena on Thursday said investors had taken up 96.3% of its 2.5 billion euro ($2.4 billion) new share issue, leaving less than 100 million euros on the books of the banks that agreed to back the risky sale. Underwriters, in turn, agreed to guarantee the private part of the offer only on condition that MPS secured sub-underwriting commitments from investors ready to mop up at least half of the sum. Underwriters led by global coordinators Bank of America , Citigroup, Credit Suisse and Mediobanca will be left holding 93 million euros in shares, MPS said.
Shares in Monte dei Paschi di Siena (MPS) rose sharply on Tuesday after the bank said it had found investors to cover 93% of its capital increase despite low shareholder take-up. MPS junior bonds have recovered since trading at half their nominal value because of the risk of conversion into equity.