Banco BPM on after accounts. For brokers it can go up by over 30%


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Banco BPM

Banco BPM after yesterday's decline climbed back on the heels of the third quarter accounts. The merchant banks confirm the buy in unison.

Positive closure today for Banco BPM, which experienced a mirror-image session.
After selling almost one percentage point yesterday, the stock rallied today, stopping at € 2.133, up 0.9% and trading over 34 million shares, compared to the average of the last 30 days of around € 29 million of pieces.

Banco BPM, which also closed below the intraday highs touched at € 2.165, reacted well to the third quarter accounts released yesterday in closed markets.

Numbers that were also favorably received by various analysts, starting with those of Banca IMI who particularly appreciated the group's commitment to paying a dividend on this year's results.

An indication that should reassure the market in relation to Banco BPM's capital strength which, with a Common Equity Tier 1 ratio above 12%, seems solid.

Banca IMI thus maintains a bullish view on the stock, with a "buy" recommendation and a target price of 2.8 euros.
The invitation to purchase was also reiterated by Citigroup, with a much lower target price of 2.25 euros.

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