|Bid||1.6835 x 0|
|Ask||1.6845 x 0|
|Day's Range||1.6120 - 1.6860|
|52 Week Range||1.5200 - 2.3625|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.60|
Moody's Investors Service ("Moody's") has today upgraded the ratings of RMBS Notes issued by BPL Mortgages S.r.l. The Reserve Fund provides liquidity coverage over the life of the transaction as well as credit support at maturity.
Rating Action: Moody's upgrades the ratings of all rated notes in BPL Mortgages S.r.l. Madrid, June 10, 2019 -- Moody's Investors Service ("Moody's") has today upgraded the ratings on the following ABS SME notes issued by BPL Mortgages S.r.l.
Rating Action: Moody's upgrades Banco BPM S.p.A.- Mortgage Covered Bonds 1, Banco BPM S.p.A.- Mortgage Covered Bonds 1 and Banco BPM S.p.A.- Mortgage Covered Bonds 2. Global Credit Research- 29 May 2019. ...
Moody's Investors Service today upgraded the long-term deposit ratings of Banco BPM S.p.A. to Baa3 from Ba1 and affirmed its long-term senior unsecured debt ratings at Ba2. Moody's also upgraded the bank's standalone baseline credit assessment (BCA) to ba3 from b1. The upgrade of Banco BPM's BCA primarily reflects the bank's improved asset quality following its significant recent de-risking actions.
Funds that built big short positions in Italy's leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows. Despite a looming budget showdown between Rome and Brussels, a Reuters analysis of data from Italian market regulator Consob shows that as of May 21 there were no net short positions above 0.5% in shares of Italy's two largest banks. Consob discloses changes in short positions above 0.5% and in 2018 funds had short positions in Intesa Sanpaolo and UniCredit which were above this level.
European stocks snapped a three-day winning streak on Friday amid global trade jitters after Beijing ratcheted up its war of words with Washington, while the end of Brexit talks between British political ...
European shares dropped broadly on Thursday as investors shunned risky assets while waiting to see whether United States and China manage to avoid a trade war which would damage the global economy. U.S. President Donald Trump said on Wednesday that China "broke the deal" it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports. As the world's largest economies resume two-day trade talks on Thursday in Washington, investors were on the edge to see if a last minute truce could avert a sharp increase of tariffs on $200 billion worth of Chinese goods on Friday.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. plastics maker Berry Global Group to acquire British packager ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French nursing home operator Financiere Colisee to acquire sole ...
Moody's Investors Service today assigned a (P)Caa1(hyb) rating to the expected issue of Additional Tier 1 non-viability contingent capital instruments by Banco BPM S.p.A. (Ba1 Stable/Ba2 Negative, b1). The notes are unsecured, perpetual and subordinated to senior and subordinated unsecured obligations of Banco BPM.
"In light of the strong rally and the multi-month highs that were achieved in European indices recently, some investors are now taking a breather," David Madden, a market analyst at CMC Markets UK, wrote in a note. Bank stocks dropped 0.4 percent, with German lender Commerzbank among the top losers on the sector index with a 2.4 percent fall. Deutsche Bank, with whom Commerzbank is exploring a merger, dropped 1.9 percent.
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 ...
Italian payments group Nexi's initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe's biggest listings this year. Nexi, which is striving to cut its debt, said on Friday it planned to list up to 43.2 percent of its capital in an offer which at the top of the price range of 8.5-10.35 euros would value it at 6.4 billion euros (5.51 billion pounds). Controlled by private equity firms that bought it from a group of Italian banks in 2015, Nexi operates in the fast-growing payments business, which McKinsey expects to reach $3 trillion a year in revenue by 2023 as more people ditch cash.
Nexi on Tuesday priced shares in its initial public offering at between 8.5 and 10.35 euros each, valuing the Italian payments group at up to 6.4 billion euros ($7.2 billion) in what is set to be one of Europe's biggest bourse listings this year. Once a backwater of banking, the payment processing sector is now seen as one of the most lucrative and fast-growing businesses in the financial sector. According to McKinsey, global payments are set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments.
European stock markets deepened losses on Friday, closing near session lows, as fears of a slowdown in global growth after weak manufacturing data from across Europe were exacerbated by dismal data from the United States. After downbeat manufacturing activity from Germany reignited fears of a recession in the region's biggest economy, the inversion of the U.S. yield curve after similar U.S. data stoked fears that the world's largest economy may also be slipping into recession. The classic gauge of fear – known as implied volatility, which tracks demand for options in European stocks – hit more than 9-week highs and posted its biggest weekly rise in a year, the first concrete sign of activity in a while.
Rating Action: Moody's assigns A1 to RMBS Notes issued by BPL Mortgages S.r.l.- Series 5. Global Credit Research- 14 Mar 2019. Madrid, March 14, 2019-- Moody's Investors Service has assigned the following ...
Announcement: Moody's announces completion of a periodic review of ratings of Banco BPM S.p.A. Paris, March 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco BPM S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market listing, its chief executive said. Italian banks' efforts to cut a bad loan pile that peaked at 360 billion euros after a recession turned Italy into Europe's biggest market for soured bank debt, with sales totalling some 150 billion euros in the past two years. "(In 2019) we want to approach the 10 billion euro psychological threshold (of assets under management) which separates big players from small- and medium-sized ones," CEO Claudio Manetti told Reuters.
European shares bounced back on Monday as new-found optimism among investors about the new round of trade talks between Beijing and Washington lifted bourses from one-week lows. Analysts cautioned that sentiment about the trade talks was volatile and that a favourable outcome was by no means a done deal. "As U.S.–Sino trade talks begin in Beijing we are once again seeing the markets adopt an all too familiar optimistic stance", wrote market City Index analyst Fiona Cincotta.
European shares fell sharply on Thursday ending a seven-session run of gains as a batch of worrying trading updates in a wide range of sectors combined with the European Union cutting its growth forecasts to weigh on markets. "Eurozone stocks are suffering greatly as investors are fearful the region could be in for an economic downturn", wrote David Madden from CMC Markets, adding that should the UK leave the EU without a deal, the deteriorating economic conditions could not come at a worse time. London's FTSE was down 1.1 percent after the Bank of England said Britain faces its weakest economic growth in a decade this year as uncertainty over Brexit mounts and the global economy slows.
European shares eased from 12-week highs on Thursday as weak earnings from Publicis, GEA and TUI offset gains in banks following better-than-expected results from Italy's Unicredit. Europe's STOXX 600 was down 0.2 percent at 0935 GMT, with Germany's DAX 0.5 percent lower after disappointing December industrial output numbers for Europe's largest economy reinforced worries about the cooling global outlook. Bank stocks were some of the few gainers in early deals as Italy's biggest bank UniCredit reported consensus-beating fourth-quarter results, bringing some much-needed cheer to the battered euro-zone sector.
New Italian bank Illimity is interested in troubled construction group Condotte, Chief Executive Corrado Passera said on Tuesday. Condotte, Italy's third-largest construction group, was placed under extraordinary administration last year as it risked buckling under more than 800 million euros in debt. The European Commission gave a green light last month to a 190 million euro (165 million pounds) state guarantee to meet urgent liquidity needs at the building group.