BPM.F - Banco BPM Societa per Azioni

Frankfurt - Frankfurt Delayed Price. Currency in EUR
2.1040
+0.0060 (+0.29%)
At close: 8:01AM CEST
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Previous Close2.0980
Open2.1040
Bid2.0890 x 0
Ask2.1910 x 0
Day's Range2.1040 - 2.1040
52 Week Range1.5096 - 2.1745
Volume500
Avg. Volume7
Market Cap3.264B
Beta (3Y Monthly)1.67
PE Ratio (TTM)17.53
EPS (TTM)0.1200
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-04-18
1y Target EstN/A
  • Reuters

    Top executives at Italian banks under investigation in diamond probe: document

    Prosecutors have wrapped up a probe into alleged fraudulent diamond selling by some of Italy's top banks, having investigated high profile executives working for UniCredit and Intesa Sanpaolo , a prosecutor document showed. The document, seen by Reuters on Wednesday, showed the number of people involved in the probe had risen to 87 from 68 originally under investigation, along with five banks and two diamond brokerages. In a long-running scandal in a sector already tarnished by controversy, Italy's biggest banks are suspected of colluding with diamond brokers to scam their own customers.

  • Reuters

    Italy's Banco BPM profit jumps on one-offs, improving revenues

    Italy's third largest lender, Banco BPM, on Tuesday reported a sharp quarterly rise in net profit for the three months through June helped by capital gains and an improvement in core revenues compared with the start of the year. Net profit in April-June more than tripled from a year earlier to 443 million euros after Banco BPM reorganised its consumer credit joint-venture with Credit Agricole and set up a bad loan partnership with Elliott-owned Credito Fondiario - pocketing more than 330 million euros from the two deals.

  • Reuters

    Carige buyers should not expect big sacrifices from banks' creditors-Banco BPM CEO

    Any potential bidder for troubled Italian bank Carige should not expect the lenders' creditors to shoulder big losses for their own benefit, the chief of one of Carige's creditor banks said on Thursday. Giuseppe Castagna was answering questions about a rescue bid for Carige that according to sources has been put forward by U.S. private equity fund Apollo Global Management. Castagna did not mention Apollo by name, simply saying Italian banks had received a draft proposal for Carige by an unnamed fund which was still at a very early stage.

  • Reuters

    European shares pressured by U.S.-China trade jitters

    European shares slid on Thursday, with investors exiting positions in favour of safer assets as they waited to see if U.S.-China talks will yield tangible results and help avert worsening trade ties which ...

  • Reuters

    Banco BPM plays down possible interest for Monte dei Paschi - CEO

    VERONA, Italy (Reuters) - Italy's third biggest lender, Banco BPM, could be interested in tie-ups with banks close to its home turf in the north of the country, its CEO said on Saturday in comments that ...

  • Reuters

    Italy's Banco BPM says police seized 85 million euros in diamonds probe

    Banco BPM said on Wednesday Italian tax police had seized 84.6 million euros ($96 million) in funds from the country's third-largest bank as part of a probe into alleged fraudulent diamond sales to customers. Italian police carried out a seizing order for 700 million euros on Tuesday as Milan prosecutors probed allegations of fraud over sales of diamonds as an investment at inflated prices, sources have told Reuters.

  • CNBC

    Italian banking shares jump on 'not so bad news' from the ECB

    Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as "not so bad news."

  • Reuters

    Banco BPM CEO rules out tie-ups at present given market uncertainty

    Banco BPM (BAMI.MI) rules out any tie-ups for the moment given uncertain market conditions, CEO Giuseppe Castagna said on Saturday when asked about the bank's interest in rivals Carige (CRGI.MI), UBI Banca (UBI.MI) or Monte dei Paschi (BMPS.MI). Banco BPM, which is Italy's third largest bank, has been mentioned in the press in recent days as a potential buyer of troubled Carige, which was put under temporary administration by the European Central Bank this month after it failed to raise capital from investors. In the past a three-way merger involving Banco BPM, which was created in 2017 from the merger of Popolare di Milano and Banco Popolare, UBI and Monte dei Paschi has been mooted as a possible solution to help Tuscany-based Monte dei Paschi which was bailed out by the state in 2016.

  • Reuters

    Banco BPM reaches bad loan deal with Credito Fondiario, Elliott

    Banco BPM (BAMI.MI) said on Monday it had agreed to sell up to 7.8 billion euros (6.97 billion pounds) in bad loans along with a stake in its debt recovery business to Credito Fondiario and U.S. fund Elliott, confirming what sources previously told Reuters. The sale will allow Banco BPM to reduce its problem loan ratio to as low as 10.6 percent of total lending from 15.9 percent at the end of September, putting to rest concerns the bank may need to raise capital to clean up its balance sheet. Credito Fondiario and Elliott were up against Italy's top bad loan specialist doBank (DOB.MI), backed by U.S. private equity firm Fortress, and a third group comprising U.S. funds TPG, Christofferson, Robb & Company and Davidson Kempner.

  • Reuters

    Italy's Banco BPM close to awarding bad loan deal to Credito Fondiario-Elliott - sources

    Italian bank Credito Fondiario with U.S fund Elliott are close to securing up to 7.8 billion euros ($8.9 bln) in bad loans being sold by Banco BPM together with a stake in its debt recovery unit, three sources familiar with the matter said. The board of Italy's third-largest bank will meet later on Monday to pick the winner of a hard-fought race which pitted the Credito Fondiario-Elliott duo against Italy's top bad loan specialist doBank, backed by U.S. private equity firm Fortress, and a third group comprising U.S. funds TPG, Christofferson, Robb & Company and Davidson Kempner. The sale will allow Banco BPM to cut its problem loan ratio to as low as 10.6 percent of total lending from 16 percent at the end of September, putting to rest concerns it may need to raise capital to clean up its balance sheet.

  • Reuters

    Italy's Banco BPM agrees deal with Credit Agricole in bad loan clean up

    Banco BPM (BAMI.MI) has reached a deal over its consumer credit business with French rival Credit Agricole (CAGR.PA) which will help it to sell 7.8 billion euros (6.92 billion pounds) of bad loans, Italy's third-largest bank said. Under the deal, announced late on Friday, Banco BPM will boost its capital by selling its consumer credit business Pro Family to an existing joint venture it has with Credit Agricole for 310 million euros. To reap a further capital benefit, Banco BPM said it was also selling part of its debt recovery unit.

  • Reuters

    Italy's Banco BPM set to finalise bidders for bad loans -sources

    Italy's third-largest bank, Banco BPM, will discuss an up to 8.6 billion euro bad loan sale at a board meeting on Thursday, picking one or two bidders to continue talks with, three sources familiar with the matter said. The sale, which is expected to include Banco BPM's debt collection business, comes at a testing time for Italian banks. With impaired loans equivalent to 16 percent of total lending, compared with less than 10 percent at heavyweights UniCredit and Intesa SanPaolo, Banco BPM shares have been hurt by concerns it may need more capital to offset the hit from writing down its bad loans further in order to sell them.

  • Reuters

    Italy's Banco BPM to pick bidders for bad loans on Thursday -sources

    Italy's third-largest bank Banco BPM will discuss an up to 8.6 billion euro bad loan sale at a board meeting on Thursday, picking one or two bidders to continue talks with, three sources familiar with the matter said. The sale, which is expected to include Banco BPM's debt collection business, comes at a testing time for Italian banks. With impaired loans equivalent to 16 percent of total lending, compared with less than 10 percent at heavyweights UniCredit and Intesa SanPaolo, Banco BPM shares have been hurt by concerns it may need more capital to offset the hit from writing down its bad loans further in order to sell them.

  • Reuters

    Italy's Banco BPM sees core capital improve third quarter

    Italy's third-largest lender Banco BPM (BAMI.MI) saw its core capital improve in the third quarter and beat third-quarter net profit forecasts on Wednesday thanks to lower costs and an asset sale that helped offset flat fees and falling interest income. The bank, which was one of the weakest performers in last week's Europe-wide stress tests of the sector, said net profit for July-September came in at 172 million euros (149.87 million pounds), ahead of an average estimate of 160 million euros in a Reuters survey. In September BPM sold its depositary bank business to French rival BNP Paribas (BNPP.PA) with a positive earnings impact of 145 million euros.

  • Reuters

    Italy's Banco BPM says one-off costs weighed on stress test outcome

    Italy's Banco BPM (BAMI.MI), one of the banks that fared the worst in Europe-wide stress tests of the sector, said on Friday one-off costs had weighed on the outcome of the health check. Banco BPM, born in 2017 from the merger of Banco Popolare and Banca Popolare di Milano, said costs linked to the merger were one-off in nature but the tests had treated them as recurring over three years. The cumulative costs totaled more than 500 million euros and the bank said this meant the results could be misleading.

  • Reuters

    Barclays, Banco BPM scrape through EU-wide banking health check

    British banks Barclays and Lloyds, and Italian lender Banco BPM fared worst on Friday in a European Union wide stress test of banking resilience to simulated market shocks. Analysts have said that banks who fail to complete the "adverse" or toughest part of the test without preserving a capital ratio of well above 5.5 percent, when all new and planned capital rules are applied, risk having to raise more capital or sell risky assets. While none of the 48 lenders tested broke below 5.5 percent, Barclays ended with a ratio of 6.37 percent, Banco BPM with 6.67 percent, and Lloyds with 6.8 percent.