|Bid||2.5230 x 0|
|Ask||2.5240 x 0|
|Day's range||2.4910 - 2.5350|
|52-week range||1.2380 - 3.0930|
|Beta (5Y monthly)||1.53|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2021|
|Forward dividend & yield||0.06 (2.28%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||2.60|
A small investment by Italian financial group Unipol in a local bank could put an end to the waiting game in Italian bank consolidation, aiding Rome's efforts to finally cut its stake in ailing Monte dei Paschi (MPS). Bankers say Unipol's surprise decision to raise its stake in tiny Banca Popolare di Sondrio to 9% over the past week could trigger a chain reaction that facilitates a solution for MPS. The Treasury has long identified UniCredit as the best partner for MPS.
The biggest investor in Italy's BPER Banca on Friday put the brake on a long-mooted merger with rival Banco BPM and said all options were open, after pushing for a change at the helm of BPER. Insurance group Unipol, which is BPER's top investor with a 19% stake, last year backed the idea of merger between BPER and Banco BPM to create a third large banking group in the country. In an interview with Il Sole 24 Ore daily, Unipol CEO Carlo Cimbri said that BPER's new Chief Executive Piero Montani would need time to decide on any potential deals.