Home » Business » Rise of BPER Banca and FinecoBank in the Banking Sector: Excellent Performance in European Financial Markets

Rise of BPER Banca and FinecoBank in the Banking Sector: Excellent Performance in European Financial Markets

Some ideas among the titles of the banking sector: the rise of BPER Banca stands out. Excellent performance also for FinecoBank. In fractional progress Stellantis

The major indices of Borsa Italiana and the main European financial centres recorded progress of more than half a percentage point in the first session of the week.

At 14.35 the FTSEMib it gained 0.68% to 27,968 points, after fluctuating between a low of 27,620 points and a high of 27,997 points. At the same time the FTSE Italia All Share was up 0.64%. Opposite trend for the FTSE Italia Mid Cap (+0.28%) and the FTSE Italia Star (-0,07%).

Il bitcoin it is confirmed as above 30,000 dollars (over 27,500 euros).

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

L’euro it fluctuates around $1.095.

Some ideas among banking sector stocks.

The rise of BPER Bank (+2,81% a 2,814 euro).

UniCredit gains 0.4% to 21.365 euros. Goldman Sachs analysts increased the target price on the institute led by Andrea Orcel, bringing it from 27.75 euros to 29.5 euros; the experts confirmed the indication of buying the shares.

Excellent performance also for FinecoBank (+3.11% at 13.25 euro). Jp Morgan analysts have reduced the target price on the company, bringing it from 18 euros to 17.1 euros; however, the experts confirmed the “Overweight” judgment.

In fractional progress Stellar (+0,94% a 16,36 euro). As part of the second tranche of the share buyback program, under the share buyback program announced on June 7, 2023, the automotive giant announced that between June 30 and July 6, 2023 it purchased 2.82 million treasury shares at a weighted average price of 16.1379 euros, for a total amount of 45.51 million euros.

It stands out among the smaller capitalization companies SIT (+3,7% a 3,64 euro). The company announced that it has set up the Hybitat company with e-Novia, which will have the objective of creating an innovative hydrogen generation and storage system for residential use.

Pierrel records a leap of 6.08% to 1.76 euros, on the day the 70 million euro capital increase got underway. In reverse, the rights are suspended due to an excess of discount, after marking a theoretical decline of 61.6%. The company will offer 45,776,255 new ordinary shares in the ratio of 5 new shares for each share held, at the unit price of 1.529 euros.

2023-07-10 12:38:00
#FTSEMib #close #thousand #points

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