|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||12.54 - 12.58|
|52-week range||7.30 - 13.55|
|Beta (5Y monthly)||1.96|
|PE ratio (TTM)||17.94|
|Forward dividend & yield||0.14 (1.11%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||8.39|
SIENA, Italy (Reuters) -Italy expects the timeframe to find a solution for ailing bailed-out lender Monte dei Paschi di Siena to be "fairly rapid", Industry Minister Giancarlo Giorgetti said on Friday. UniCredit, Italy's second-largest bank, in July entered into exclusive talks with the Treasury to evaluate buying "selected parts" of Monte dei Paschi (MPS), which is 64% owned by the state following a 2017 bailout. The sale, which would require the state to inject more money into MPS, has become a contentious political issue, further complicated by an upcoming by-election in Siena on Oct. 3-4.
Focus turns to whether the banks will sustain the growth, especially in the absence of government support.
Italy's state-owned bad loan manager AMCO said on Friday it was ready to process performing loans that might turn sour, known as Stage 2 loans, opening the way to a possible involvement in the sale of troubled lender Monte dei Paschi to UniCredit. "AMCO has finalised the organisational set-up to carry out synthetic securitisation transactions on performing loans qualified as 'Stage 2' (sub-investment grade), thus opening up further business prospects," the company said as it announced its first-half results. Last week AMCO was granted access to problem loan data of Monte dei Paschi (MPS) as the process to sell the bank to biggest rival UniCredit moved ahead.