BAMI.MI - Banco BPM Società per Azioni

Milan - Milan Delayed Price. Currency in EUR
1.8926
-0.0088 (-0.46%)
At close: 5:35PM CET
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Previous Close1.9014
Open1.8856
Bid1.8920 x 809400
Ask1.9160 x 700000
Day's Range1.8602 - 1.9200
52 Week Range1.5200 - 3.2900
Volume17,965,510
Avg. Volume26,687,762
Market Cap2.86B
Beta (3Y Monthly)2.27
PE Ratio (TTM)270.37
EPS (TTM)0.0070
Earnings DateFeb 5, 2019 - Feb 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-04-18
1y Target Est2.60
  • Reutersyesterday

    ECB must avoid "financial distress" in banks' clean up - top EU lawmaker

    The European Central Bank should avoid causing "financial distress" to banks by demanding they provide for their unpaid loans too quickly, senior European Union lawmaker Roberto Gualtieri said on Wednesday. Shares in Italian banks fell this week when it was reported by Italian newspaper Il Sole 24 Ore that the ECB’s Single Supervisory Mechanism (SSM) had given them, on average, until 2026 to set aside enough cash to cover for the large pile of soured credit inherited from the last recession.

  • Reuters2 days ago

    Italian banks face 2019 funding crunch without ECB help

    Many Italian banks are struggling to borrow on the private markets and want European Central Bank (ECB) help as they seek more than 55 billion euros (£49.14 billion) in funding this year. Italy's banks are still dealing with the bad debt left by the last downturn and another would risk new loans turning sour. Political uncertainty has meant a spike in borrowing costs for Italian banks since an anti-austerity government took power last year, with only heavyweights UniCredit (CRDI.MI) and Intesa Sanpaolo (ISP.MI) able to raise unsecured debt.

  • China stimulus boosts European shares, autos rally but Italian banks wilt
    Reuters3 days ago

    China stimulus boosts European shares, autos rally but Italian banks wilt

    By Helen Reid LONDON (Reuters) - European shares bounced on Tuesday after China signalled more stimulus measures to soften the blow from a tariff war with the United States, triggering relief in trade-sensitive ...

  • Investing.com3 days ago

    MarketPulse Europe: Italian Banks Plunge on ECB Report

    Investing.com - Italian bank stocks were among the worst performers in European midday trade on Tuesday, as investors dumped them in reaction to a report suggesting they face new demands from regulators to bolster their provisions against bad loans.

  • Reuters4 days ago

    Monte dei Paschi shares suspended after plunging on ECB warning

    Shares in Monte dei Paschi di Siena (BMPS.MI) were suspended on Monday after sliding by 8.5 percent on news of a stark European Central Bank warning for the Italian bank. The ECB had flagged funding and profitability risks as well as a weakened capital position in a letter to Monte dei Paschi, the bailed-out lender revealed late on Friday. Monte dei Paschi said the ECB had told it to put aside more money to cover impaired loans by 2026, in line with rules requiring euro zone banks to perform full writedowns within seven years for new loans that turn sour after April 2018.

  • Reuters5 days ago

    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.

  • Italian Finance Chief Resists Populists' Goal to Seize Carige
    Bloomberg8 days ago

    Italian Finance Chief Resists Populists' Goal to Seize Carige

    Tria told Italy’s parliament on Wednesday that a market solution is the best option for Carige, though it’s too early to say that a state intervention won’t be necessary. Matteo Salvini, the deputy premier who heads the anti-immigrant League, said earlier that the government’s goal is to bring the Genoa-based lender under state control.

  • Reuters18 days ago

    A euro curse? European banking stocks' lost decades

    Fearing his country's pay-as-you-go pension scheme is unsustainable, a 40-year old French engineer - let's call him Jean Dupont - makes a New Year resolution. Hoping the introduction of the euro the next day will mark a new era of prosperity for the European economy, Dupont decides to invest in the bloc's banking sector every single trading day for the next two decades.

  • Moody's27 days ago

    Banco BPM (Banco Popolare) S.p.A. - Mortgage Covered Bonds 1 -- Moody's: No rating impact on the Mortgage Covered Bonds issued by Banco BPM (as successor to Banco Popolare Soc. Coop.) under the "€10,000,000,000 Covered Bond Programme by BP Covered Bond S.r.l." (the Programme) following amendment

    Moody's Investors Service ("Moody's") announced today that the termination of the covered bond swap entered with Credit Suisse in connection with the Registered Covered Bond issued on January 2011 would not, in and of itself and as of this time, result in a reduction or withdrawal of the current A1 ratings of the covered bonds issued by Banco BPM (the Issuer) under the Programme. This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

  • Investing.com29 days ago

    MarketPulse Europe: Italian Banks Surge After Budget Breakthrough

    Investing.com - Italian bank stocks were among the strongest performers in European midday trade on Wednesday, as investors piled in to the sector after Rome and Brussels announced a new deal over Italy's contested 2019 budget.

  • Trade war optimism lifts European shares
    Reuterslast month

    Trade war optimism lifts European shares

    European shares rose on Tuesday as optimism over the China-U.S. trade dispute helped them recover from the two-year lows hit in the previous session on a burst of political risk and worries over slowing global growth. The pan-European STOXX 600 (.STOXX) benchmark index rose 1.5 percent, while euro zone stocks (.STOXXE) added 1.3 percent and Germany's DAX (.GDAXI), the most sensitive to China due to its big exporters, rose 1.5 percent. Further cementing expectations that trade talks had not been interrupted was a report that China was preparing to cut its tariffs on U.S. car imports.

  • Reuterslast month

    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.

  • Reuterslast month

    Banco BPM reaches bad loan deal with Credito Fondiario, Elliott

    Banco BPM said on Monday it had agreed to sell up to 7.8 billion euros ($8.9 billion) 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, backed by U.S. private equity firm Fortress, and a third group comprising U.S. funds TPG, Christofferson, Robb & Company and Davidson Kempner.

  • Reuterslast month

    Banco BPM close to bad loan deal with Credito Fondiario/Elliott - sources

    Banco BPM (BAMI.MI) is close to selling up to 7.8 billion euros (6.9 billion pounds) in bad loans along with a stake in the Italian bank's debt recovery business to Credito Fondiario and U.S fund Elliott, three sources familiar with the matter said. The sale would allow Banco BPM to reduce 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 the bank may need to raise capital to clean up its balance sheet. The board of Italy's third-largest bank will meet later on Monday to pick the winner of the race in which 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.

  • Reuterslast month

    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.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of BAMI.MI earnings conference call or presentation 7-Nov-18 5:30pm GMT

    Q3 2018 Banco Bpm SpA Earnings Call

  • The Wall Street Journal2 months ago

    [$$] Banco BPM Signs Credit Agricole Deal, Nears Sale of Bad Loans

    The deal with the French bank will boost Banco BPM’s capital ratio and help offset the impact of the bad-loan sale, it said late Friday. Banco BPM will sell its consumer-loans business ProFamily SpA to Agos Ducato SpA, a joint venture between Banco BPM and Credit Agricole, for 310 million euros ($350.8 million) as part of an agreement between the two banks to extend their partnership in consumer finance for 15 years. Banco BPM and Credit Agricole will also consider an IPO of Agos in the next two years, they said.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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.

  • Telecoms, banks lift European shares in post-Thanksgiving rally
    Reuters2 months ago

    Telecoms, banks lift European shares in post-Thanksgiving rally

    European shares closed higher on Monday after new-found optimism on Italy's budget tug-of-war with Brussels lifted shares in Milan while speculation about further mergers and acquisitions in telecoms boosted stocks in the sector. A strong open on Wall Street amid expectations of blockbuster sales on the largest online shopping day of the year combined with a rebound in oil prices also helped indexes make gains across the board. The pan-European STOXX 600 climbed 1.2 percent and Italy's FTSE MIB (.FTMIB) led the way with a 2.8 percent jump.

  • Reuters2 months ago

    European shares fall for second week, growth and trade worries linger

    By Helen Reid LONDON (Reuters) - European shares closed the day higher in choppy trade on Friday but notched up their second straight week of losses as concerns about slowing global growth, weak earnings, ...