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Banca Monte dei Paschi di Siena S.p.A. (BMPS.MI)
| Previous close | 4.6130 |
| Open | 4.7110 |
| Bid | 4.6600 x 0 |
| Ask | 4.6630 x 0 |
| Day's range | 4.6100 - 4.7210 |
| 52-week range | 2.0150 - 4.8400 |
| Volume | |
| Avg. volume | 26,764,750 |
| Market cap | 5.87B |
| Beta (5Y monthly) | 1.08 |
| PE ratio (TTM) | 2.86 |
| EPS (TTM) | 1.6300 |
| Earnings date | 07 May 2024 |
| Forward dividend & yield | 0.25 (5.42%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | 5.00 |
- Reuters
Italy's MPS profit tops forecast as recovery gathers pace
Italy's Banca Monte dei Paschi (MPS) beat first-quarter net profit forecasts on Tuesday, helped by higher revenue, and said it would update its medium-term targets next quarter as its recovery is running ahead of plan. The bank, which had to be bailed out by the Italian state in 2017 and secured a make-or-break capital increase in November 2022, will pay a dividend of 0.25 euro per share this month, its first since 2011 and two years earlier than anticipated. "We started (2024) with a very good pace," CEO Luigi Lovaglio said in a call conference after the results.
ReutersItaly confident of finding partners for Monte dei Paschi in 2024
Italy trusts it will be able to strike alliances for bailed-out bank Monte dei Paschi di Siena (MPS) this year, the economy minister said on Tuesday. After rescuing MPS in 2017 and gaining an initial 68% stake, Rome has cut it in recent months to just below 27% through two successive market placements. "The government is confident 2024 will be a good year to find strategic partners for Monte dei Paschi," Minister Giancarlo Giorgetti told a press conference.
ReutersMonte Paschi to pay first dividend in 13 years as profit soars
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.
