|Bid||0.8912 x 0|
|Ask||0.8928 x 0|
|Day's range||0.8908 - 0.9076|
|52-week range||0.7794 - 1.4500|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||3.86|
|Earnings date||07 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 May 2011|
|1y target est||0.94|
The Italian government should hasten plans to help Monte dei Paschi raise cash on the market, the CEO of the Tuscan bank said, after the government failed to clinch a sale to bigger rival UniCredit. Italy's Treasury has said it will support a new share issue at Monte dei Paschi (MPS), of which it owns 64%, but wants other investors to join in to avoid breaking European Union state aid rules. To make the proposition attractive after UniCredit walked away from a potential acquisition, Rome first wants to rid MPS of all its problem loans and any non-ordinary legal risks, sources have said.
A window of opportunity for UniCredit to quickly clinch a deal for state-owned Monte dei Paschi (MPS) and implement on a bigger scale measures it is studying for its own branch network has closed for now, CEO Andrea Orcel said. UniCredit on July 29 entered exclusive talks with the Italian Treasury to buy selected parts of Monte dei Paschi. Orcel said UniCredit, which will present a new three-year plan in December, was working on a number of initiatives that it could have extended to MPS branches it planned to buy.
LONDON/MILAN (Reuters) -Italy on Sunday ended talks with UniCredit over the sale of Monte dei Paschi di Siena (MPS) in a major setback to years-long efforts by the Rome government to return the ailing Tuscan bank to private hands. Failure to bridge a multi-billion euro valuation gap between the parties leaves Italy unable to complete the restructuring of its banking system which it started six years ago. Rome will now seek an extension of deadlines agreed with European Union authorities to re-privatise MPS and a Treasury official said it did not expect discussions to be difficult.