BUZZ-European banks: Extend losses, brokers slash PTs

** European bank index down 1.7 pct, worst performing sub-index in region, extending losses from previous session

** Banco Popolare (Amsterdam: PB8.AS - news) (-4.3 pct) and BP Milano (-4.6 pct) lead the fall, Kepler Cheuvreux cuts TP for both banks by 9 pct to 2.45 euros and c. 2 pct to 3.13 euros respectively

** Broker "hold" for both banks as it expects more provisions to facilitate NPL disposals and anticipating integration charges following their merger plan

** Standard Chartered (HKSE: 2888.HK - news) (-4.4 pct) as Deutsche Bank (LSE: 0H7D.L - news) and Natixis (LSE: 0IHK.L - news) cut TPs by c. -1.6 pct and -3.6 pct, respectively

** DB: "Our forecasts have revenues rising some 8-12% in the next 2-3 years. But even with this we struggle to see the shares as close to fair value at present" (current share price implies even greater revenue growth and/or sustained low LLPs)

** StanChart Q3 miss on Tuesday, stock -9.5 pct since Monday's close

** Danske Bank (LSE: 0NVC.L - news) (-2.8 pct) and Sydbank (-3.4 pct) are also among the biggest fallers

** Banca Monte dei Paschi (Milan: BMPS.MI - news) di Siena (-5.5 pct) was earlier suspended from trading following 6 pct drop, after the withdrawal of an alternative rescue plan for Italy's third-largest lender