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

Milan - Milan Delayed Price. Currency in EUR
2.716
+0.011 (+0.407%)
At close: 5:35PM CEST
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Previous Close2.705
Open2.686
Bid2.690 x 0
Ask2.728 x 0
Day's Range2.675 - 2.733
52 Week Range2.387 - 15.080
Volume1,156,545
Avg. Volume2,089,954
Market Cap2.46B
Beta1.32
PE Ratio (TTM)N/A
EPS (TTM)-7.299
Earnings DateMay 10, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2011-05-23
1y Target Est3.79
  • Reutersyesterday

    Italy's Pop Bari sets aggressive bad loan target - sources

    Italy's Popolare di Bari has set an ambitious target to reduce its soured debt this year, two sources familiar with the matter told Reuters, in a move likely to heighten concerns it will need fresh capital. Italian banks, laid low by a mountain of bad loans left behind by a deep recession, have been raising capital in recent years and shed some 80 billion euros (69.73 billion pounds) in soured debt from a peak of 360 billion euros. The partial clean-up and recent successful cash calls by smaller lenders such as Creval (PCVI.MI) suggest the industry is turning a corner after a crisis that culminated in last year's state rescue of Monte dei Paschi di Siena (BMPS.MI).

  • Monte dei Paschi CEO says bank getting back on its feet
    Reuters9 days ago

    Monte dei Paschi CEO says bank getting back on its feet

    Italian bank Monte dei Paschi di Siena (BMPS.MI) is slowly turning a corner after last year's 8 billion euro ($10 billion) bailout, its chief executive said, flagging an increase in both lending and client funding. Italy's fourth-largest lender, laid low by mismanagement and a large bad loan pile, has long been Rome's biggest banking headache and is now 68 percent owned by the state. Political uncertainty in Italy after an inconclusive election last month has heightened concerns over the bank's turnaround process.

  • Reuters10 days ago

    Writedowns push Italy's bad bank loans to near six-year low

    Italian banks stepped up writedowns of bad debts in February pushing them to their lowest net level since June 2012, data showed on Wednesday. The Bank of Italy said that bad debts held by lenders, net of writedowns, fell to 54.5 billion euros in February, from 59.5 billion euros the month before and 64.1 billion euros in December. Italian banks, which piled up bad debts during the country's worst post-war recession that ended in 2014, are under strong regulatory pressure to quickly reduce them.

  • Reuters10 days ago

    Italy's CDP buying Monte dei Paschi is 'fantasy' - Treasury official

    A senior Italian Treasury official dismissed as "fantasy" the idea that state agency Cassa Depositi e Prestiti (CDP) could buy bailed-out lender Banca Monte dei Paschi di Siena (BMPS.MI). Il Messaggero daily reported on Wednesday that Monte dei Paschi could be involved in a potential plan by the Five-Star Movement to make CDP more similar to a French sister agency by putting it in control of a bank to spur investments in infrastructure and corporate lending. "I won't comment but it sounds like a fantasy," Alessandro Rivera told Reuters on the sidelines of a conference in Milan.

  • Reuters12 days ago

    Italy's Monte dei Paschi gears up for London roadshow amid investor nerves - sources

    LONDON/MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress. Monte dei Paschi is grappling with falling revenues and high bad loans that led to an 8.1 billion euro ($10 billion) bailout last year, with Rome injecting 3.9 billion euros into the country's fourth-largest bank and investors shouldering the rest. Political uncertainty in Italy following an inconclusive general election adds to the nervousness surrounding Monte dei Paschi, which is 68 percent owned by the state.

  • Monte dei Paschi's bosses confident about turnaround plan: sources
    Reuters16 days ago

    Monte dei Paschi's bosses confident about turnaround plan: sources

    The top executives of bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said. CEO Marco Morelli and CFO Andrea Rovellini said in one-to-one investor meetings they were confident about hitting targets agreed with EU authorities to clear the rescue, one fund manager said. Italy' fourth-largest bank, brought low by mismanagement and a huge bad loan pile, has been the biggest threat to the country's financial stability for years, until an 8.1 billion euro ($10 billion) bailout last summer handed the Rome government a 68 percent stake.

  • Reuters16 days ago

    Monte dei Paschi's bosses confident about turnaround plan - sources

    The top executives of bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said. CEO Marco Morelli and CFO Andrea Rovellini said in one-to-one investor meetings they were confident about hitting targets agreed with EU authorities to clear the rescue, one fund manager said. Italy' fourth-largest bank, brought low by mismanagement and a huge bad loan pile, has been the biggest threat to the country's financial stability for years, until an 8.1 billion euro ($10 billion) bailout last summer handed the Rome government a 68 percent stake.

  • Reuters22 days ago

    Italy's Monte dei Paschi gears up for London roadshow amid investor nerves - sources

    LONDON/MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress. Monte dei Paschi is grappling with falling revenues and high bad loans that led to an 8.1 billion euro (£7.1 billion) bailout last year, with Rome injecting 3.9 billion euros into the country's fourth-largest bank and investors shouldering the rest. Political uncertainty in Italy following an inconclusive general election adds to the nervousness surrounding Monte dei Paschi, which is 68 percent owned by the state.

  • Moody's2 months ago

    Banca Monte dei Paschi di Siena S.p.A. -- Moody's: IFRS 9 accounting change facilitates Italian problem loan write-down

    Italian banks' decision to take advantage of the introduction on 1 January 2018 of the IFRS 9 accounting standard by accelerating the clean-up of problem loans is a positive development, according to Moody's ...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of BMPS.MI earnings conference call or presentation 9-Feb-18 5:00pm GMT

    Preliminary 2017 Banca Monte dei Paschi di Siena SpA Earnings Call

  • Reuters3 months ago

    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
    Bloomberg3 months ago

    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's4 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 ...

  • Reuters4 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.

  • Reuters4 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.

  • Reuters4 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.

  • Reuters5 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.

  • Reuters5 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.

  • Reuters5 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.

  • Reuters5 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.

  • Reuters5 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's5 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-- ...

  • Reuters5 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.