Mediobanca witness of the wedding Bper-Banco Bpm?
Bper and Banco Bpm: facts, rumors and scenarios.
He whispers privately to Mps (which the Treasury wants to marry with Unicredit) and publicly blesses an engagement between Bper and Banco Banco Bpm.
Mediobanca is fully active, including consultancy on behalf of Mps and reports that advocate the marriage between Bper and Banco Bpm.
They are the “Chinese walls” in the Piazzetta Cuccia style.
But what are the news coming from Mediobanca?
Here they are with the effects on the stock market.
WHAT HAPPENED ON THE STOCK MARKET AT BPER AND NOT ONLY
A 17% rise for the Ftse Italia Banks, the sub-index of Piazza Affari of the banking sector which since the beginning of February has recorded a double-digit rise reaching its highest levels for a year, sums up Radiocor.
LIKE PURCHASES ON BANKS FLOW
After the + 13% in the first week of the month, which took advantage of the Draghi effect on Italian financial assets with the spread at its lowest since 2015 and the 10-year BTp yield at an all-time low, purchases on credit institutions are continuing with the optimism that the former president of the ECB is finding broad consensus and support for the new executive.
WHAT IS VOCIFYING ABOUT BPER AND BANCO BPM
In addition to this, it is the wait for aggregation operations and for the indications coming with the quarterly reports to keep attention on banking groups: in the front row stands the + 7.3% of Banca Popolare dell'Emilia Romagna (Bper) which still exploits the wake of the quarterly accounts and the openings of the CEO, Alessandro Vandelli, to aggregation operations, always under the good auspices of the Unipol group headed by the CEO, Carlo Cimbri.
MEDIOBANCA COCCOLA BPER AND BANCO BPM
In a report today, the analysts of Mediobanca Securities have indicated precisely the institute of Modena as the best title to bet on the M&A factor in Piazza Affari: according to the analysts, an aggregation with Banco Bpm makes sense both from an industrial point of view (looking at geographic coverage and synergies in insurance and asset management) and from a financial point of view with a double-digit increase in earnings per share, a ratio between problem loans and total loans below 5% and a Cet12 coefficient above 13.
WHAT RADIOCOR WRITES
The goodness of the transaction for the broker – summarizes Radiocor – is also due to the benefits linked to prepaid taxes (DTA). On the Borsa Banco Bpm rises by 4.9%. An increase of over 3% also for Unicredit, Intesa Sanpaolo and Mediobanca.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/mediobanca-testimone-di-nozze-bper-banco-bpm/ on Mon, 08 Feb 2021 14:49:18 +0000.