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

Milan - Milan Delayed Price. Currency in EUR
3.13
-0.09 (-2.80%)
At close: 5:36PM CET
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Previous Close3.22
Open3.21
Bid3.10 x 0
Ask3.16 x 0
Day's Range3.10 - 3.22
52 Week Range3.10 - 15.08
Volume2,850,308
Avg. Volume1,359,508
Market Cap2.835B
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)-7.30
Earnings DateMay 10, 2018
Forward Dividend & Yield0.00 (5.78%)
Ex-Dividend Date2011-05-23
1y Target Est3.98
  • Monte Paschi Declines as Restructuring Far From Bearing Fruit
    Bloomberg12 days ago

    Monte Paschi Declines as Restructuring Far From Bearing Fruit

    Banca Monte dei Paschi di Siena SpA, the state-rescued Italian bank, fell in Milan trading after it reported a fourth-quarter loss on weak revenue and restructuring costs.

  • Reuterslast month

    ECB's Nouy 'inflexible' in meeting with Italian banks - sources

    The European Central Bank's Chief Supervisor Daniele Nouy was "inflexible" at a meeting with Italian lenders on Wednesday where topics such as bad loans were discussed, two sources with knowledge of the matter said. Italian banks piled up soured loans in a deep recession and are struggling to get rid of them as a clogged judicial system hampers recoveries and sales can only be carried out at a loss. The Bank of Italy spoke of a "very constructive and useful exchange of views" in a statement issued after the meetings that Nouy held with domestic supervisors, top executives from Italy's bigger banks and the national banking association.

  • A Year After Bailout, Italy's Paschi Turns Away Bond Buyers
    Bloomberglast month

    A Year After Bailout, Italy's Paschi Turns Away Bond Buyers

    Bond investors are buying into some of Europe’s most troubled banks, in further evidence that the continent’s years-long effort to put its lenders on a solid footing is working.

  • Moody's2 months ago

    Banca Monte dei Paschi di Siena S.p.A. -- Moody's assigns (P)Caa2 subordinated ratings to Montepaschi's EMTN programme

    Rating Action: Moody's assigns Caa2 subordinated ratings to Montepaschi's EMTN programme. Global Credit Research- 21 Dec 2017. London, 21 December 2017-- Moody's Investors Service today assigned a provisional ...

  • Reuters2 months ago

    Italy's Monte dei Paschi names new chairwoman to help steer recovery

    Italy's fourth-biggest bank Monte dei Paschi di Siena (BMPS.MI), rescued from the brink of collapse by a state bailout, has named a new chairwoman and board to help steer a course to recovery. Shareholders on Monday appointed Stefania Bariatti as chairwoman to replace Alessandro Falciai, who decided to leave the bank citing personal reasons.

  • Reuters3 months ago

    Court acquits three former Monte dei Paschi managers in derivatives case

    An Italian court on Thursday acquitted three former managers of Monte dei Paschi di Siena (BMPS.MI) of charges that they obstructed regulators and misled authorities over a 2009 derivatives trade that prosecutors said was used to conceal losses. The appeals court in Florence, near the home town of Italy's fourth-biggest bank, scrapped jail sentences handed down by a lower court for former chairman Giuseppe Mussari, ex-chief executive Antonio Vigni and one-time finance boss Gianluca Baldassari. The appeals court said the accused were acquitted because no crime had been committed.

  • Reuters3 months ago

    Italy's bad loan scheme poised to deliver after long gestation

    A complex scheme Italy conceived to help the country's banks offload their bad loans seems ready at last to deliver on its potential, as the lenders fight their way through a mass of practical problems. The "GACS" state guarantee scheme, aimed at easing a major concern hanging over the Italian economy, has had a long gestation. "The GACS is like a baby, it takes nine months," the head of bad loans at Banco BPM, Edoardo Ginevra, said in May.

  • Reuters3 months ago

    Poor data make it hard for Italy's small banks to prepare for IFRS 9-BoI

    A new accounting principle dubbed IFRS 9, which comes into force in January, will pose particular problems for smaller Italian banks which are having trouble preparing because they lack good quality data, the Bank of Italy said on Friday. In its twice-yearly Financial Stability Report, the central bank calculated the IFRS 9 rule will take on average 38 basis points off Italian banks' best-quality capital. The estimated negative impact on smaller lenders is higher, at an average 47 basis points.

  • Reuters3 months 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.

  • Reuters3 months 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.

  • Reuters3 months 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.

  • Reuters3 months 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's3 months 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-- ...

  • Reuters3 months 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.

  • Reuters3 months 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
    Reuters3 months 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 StreetEvents3 months 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

  • Reuters4 months 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
    Reuters4 months 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's4 months 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 ...

  • Reuters4 months 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.

  • Reuters4 months 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's4 months 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 ...

  • Reuters4 months 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.