Borsa Italiana, commentary of May 9, 2023 hearing

Important insights into the banking sector stocks. BancoBPM and Banca MPS stand out after the quarterly results were released

red business boxThe main indices of the Italiana Stock Exchange and the main European financial centres Confirmed in the negative area. Pierre Ferret – Technical Analyst at ActivTrades – reported this Prices approached a new low, created after overcoming significant short-term resistances. The analyst pointed out, “The STOXX50 index is now trading slightly below the first support area above 4,333 points and 4,326 points.”

at 14.25 FTSEMib It fell by 0.73% to 27,225 points, after swinging between a low of 27,206 points and 27,486 points. At the same time FTSE Italia All Share lost 0.76%. Also in red Medium hat from FTSE Italia (-1%) f Star of FTSE Italy (-1.29%).

the Bitcoins It has returned more than $27,500 (just under €25,500).

the BTP-Bund spread Consolidate more than 190 points, with BTP return for ten years which came back below 4.25%.

L’euro Still less than $1.1.

Important insights into the banking sector stocks.

the BancoBPM earning 4.22% to 3.923 euros. The institution informed me Financial results for the first quarter of 20203 and update the financial estimates for the full year. Furthermore, management expects a dividend of €1.25 billion over the next two years, double the dividend for the 2021/2022 biennium.

the Monte dei Paschi di Siena took the downward path (-2.59% to €2.108)after Publish quarterly results. The institute ended the first three months of 2023 with a net profit of 235.7 million euros. At the end of March, non-performing exposures totaled €3.3 billion.

Bad FinecoBank (-4.31% to €12.87). The company informed me Financial results for the first quarter of 2023, closed the period with improved revenue and profitability. In 2023, FinecoBank expects Core Tier 1 growth and leverage ratio. The senior management assured a steady increase in the dividend per share.

in red Iveco Group (-0.81% to 7.872 euros). The company announced the start of a new phase of the partnership with the Nikola company, after the cooperation between the two companies, which began in 2019, has so far achieved all the set goals. In connection with the transaction, Iveco will record a negative one-time impact of €44 million on its income statement for the first quarter of 2023, qualifying as an “adjustment item” for the purposes of adjusted metrics. Furthermore, the FTSEMib-listed company expects to absorb negative cash impact through cash flow generation and has affirmed its 2023 cash flow target.


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