Previous close | 4.1990 |
Open | 4.2480 |
Bid | 4.2510 x 0 |
Ask | 4.2560 x 0 |
Day's range | 4.2130 - 4.3250 |
52-week range | 1.8960 - 4.4000 |
Volume | |
Avg. volume | 24,114,273 |
Market cap | 5.428B |
Beta (5Y monthly) | 1.07 |
PE ratio (TTM) | 2.61 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.25 (5.95%) |
Ex-dividend date | 20 May 2024 |
1y target est | N/A |
MILAN (Reuters) -State-owned Italian bank Monte dei Paschi di Siena (MPS) on Wednesday said it would pay its first dividend in over a decade after posting in the fourth quarter alone the profit analysts had expected for the full year. Like bigger peers Intesa Sanpaolo and UniCredit, Monte dei Paschi (MPS) has seen its profits turbocharged by higher interest rates. However, the bank is also reaping the benefits of favourable rulings in a number of court cases against former management, while its restructuring under Chief Executive Luigi Lovaglio progresses.
MILAN (Reuters) -An Italian appeals court on Monday acquitted three former top executives of Banca Monte dei Paschi di Siena in one strand of a long-running derivatives case, boosting the earnings prospects of the state-owned lender. The court ruling, which overturns an earlier conviction, reduces the legal risks facing bailed-out Monte dei Paschi (MPS), in which the state still has a 39% holding after selling a 25% stake last month for 920 million euros ($989 million). The Italian state must eventually exit MPS's capital in full in order to comply with European Union rules on state aid.
The placement of a 25% stake in Monte dei Paschi di Siena (MPS) by Italy's Treasury earlier this week could serve as a template for Rome's strategy to cut its stake in other state-controlled companies, the economy minister said on Thursday. Asked if a stake sale or a merger was the way to further cut the state holding in MPS, Minister Giancarlo Giorgetti said the bank could help the government with its broader strategy which is to boost competition in the banking sector by creating a third major player. Italy attracted strong interest from funds when it sold 25% of MPS via an accelerated book-building (ABB) for 920 million euros ($1 billion) on Monday, advancing plans to re-privatise the world's oldest bank two years after a failed first attempt.