Home » Business » Bank Stocks on the Rise: Recovery Evidence and Strong Performances of Monte dei Paschi di Siena and Saipem

Bank Stocks on the Rise: Recovery Evidence and Strong Performances of Monte dei Paschi di Siena and Saipem

Bank stocks are recovering. In evidence the Monte dei Paschi di Siena, after the strong volatility recorded in the previous sessions. Very good Saipem

The main indices of Borsa Italiana and the main European financial centers have finished the first session of the week in positive territoryeven if far from the highs of the day.

Il FTSEMib it gained 0.81% to 27,987 points, after fluctuating between a low of 27,842 points and a high of 28,233 points. The FTSE Italia All Share it finished up 0.71%. Negative performances, however, for the FTSE Italia Mid Cap (-0.28%) and for the FTSE Italia Star (-0.03%). In the session of 21 August 2023, the value of trades fell to 1.63 billion euros, compared to 1.83 billion on Friday.

At 17.30 the bitcoin it had fallen below 26,000 dollars (less than 24,000 euros).

Lo spread Btp-Bund remained under 170 points, with the yield of the ten-year BTP which reached 4.4%.

L’euro it is back below $1.09.

Stocks in the banking sector are recovering. The Italian economy and finance ministry announced that Minister Giancarlo Giorgetti had sent President Christine Lagarde a request for assessments within the competence of the European Central Bank in relation to the provision regarding extraordinary levies on banks.

Highlight the Monte dei Paschi di Siena, after the strong volatility recorded in the previous sessions. The title of the Sienese institute registered a up 1.15% a 2,632 euro.

Brilliant sitting also for BPER Bank (+2.87%) and for UniCredit (+1,44%).

Saipem stands out at the FTSEMib (+4.98% at 1.507 euro). Morgan Stanley analysts raised the target price on the engineering company from 1.85 euro to 2.15 euro; the experts have confirmed the judgment “Overweight” (overweight).

At MidCap sitting nervous for Piaggio (+0.88% to 3.44 euros, from a maximum of 3.58 euros). The motorcycle company has communicated that the decisions following the death of the president and managing director, Roberto Colaninno, will be taken by a board of directors which will be convened for the occasion.

2023-08-21 15:41:00
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