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Italian Stock Exchange and European Financial Market Update: BancoBPM Industrial Plan Approved, UniCredit SREP Completion

The institute’s board of directors has approved the industrial plan for the period 2023-2026. The yield on the 10-year BTP fell to 4%

The major indices of the Italian Stock Exchange and the main European financial markets recorded fractional progress.

At 10.25 am FTSEMib it was up 0.43% at 30,559 points, after having fluctuated between a minimum of 30,480 points and a maximum of 30,566 points. At the same time the FTSE Italia All Share it earned 0.42%. Plus sign also for the FTSE Italia Mid Cap (+0.27%) and for the FTSE Italia Star (+0,04%).

Il bitcoin it returned above 41,500 dollars (over 38,500 euros).

Lo spread Btp-Bund it narrowed to 175 points, with the yield on the 10-year BTP falling to 4%.

L’euro it stands above $1.075.

Banking sector stocks remain in the spotlight.

Il BancoBPM recorded an increase of 3.1% to 5.184 euros. The institute’s board of directors has approved the industrial plan for the period 2023-2026. According to the management of BancoBPM, the ambition of the new plan is to increase remuneration for shareholders, exploiting the financial and industrial levers that will give further impetus to the growth of total revenues and overall profitability. With reference to the dividend policy, BancoBPM has hypothesized a remuneration for shareholders of 4 billion euros over the horizon of the plan.

Positive tone also for UniCredit (+0,61% a 25,455 euro). The institution has communicated that, following the communication received from the European Central Bank (ECB) in relation to the completion of the 2023 Supervisory Review and Evaluation Process (SREP), starting from 1 January 2024 it is required to respect a Common Equity Tier 1 ratio of 10.03% on a consolidated basis. The institute led by Andrea Orcel recalled that as of 30 September 2023 the CET 1 ratio, fully loaded was equal to 17.19% (17.5% the CET 1 ratio, transitional).

2023-12-12 09:25:00
#Piazza #Affari #rise #BancoBPM #shines

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