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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Banco BPM S.p.A.    BAMI   IT0005218380

BANCO BPM S.P.A.

(BAMI)
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Banco BPM S p A : REFILE-Banco BPM signs non-disclosure accord to weigh tie-up with Credit Agricole Italy- source

10/15/2020 | 05:25am EST

MILAN, Oct 15 (Reuters) - Italy's third-largest bank Banco BPM has signed a non-disclosure agreement (NDA) to explore a potential tie-up with Credit Agricole Italy as part of ongoing discussions with the French group, a source familiar with the matter said.

The source said the agreement had been signed as a customary step that allows the exchange of confidential information and did not prevent Banco BPM from discussing other merger options.

Banco BPM and Credit Agricole have been in talks over the future of their Agos consumer credit joint-venture, but sources with knowledge of the matter had told Reuters there had also been preliminary contacts over a possible deal.

Il Messaggero daily reported on Thursday the two banks were preparing to enter formal merger talks.

A person close to Banco BPM said earlier on Thursday recent contacts with Credit Agricole had still centred on Agos, though Banco BPM was open to discussing merger options with all potential partners. Credit Agricole declined to comment. (Reporting by Andrea Mandala, editing by Valentina Za)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANCO BPM S.P.A. 0.85% 1.845 Delayed Quote.-9.76%
CRÉDIT AGRICOLE SA 0.92% 10.47 Real-time Quote.-19.73%
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Financials
Sales 2020 4 153 M 5 030 M 5 030 M
Net income 2020 242 M 293 M 293 M
Net Debt 2020 - - -
P/E ratio 2020 15,6x
Yield 2020 0,39%
Capitalization 2 761 M 3 336 M 3 345 M
Capi. / Sales 2020 0,66x
Capi. / Sales 2021 0,69x
Nbr of Employees 21 752
Free-Float 89,8%
Chart BANCO BPM S.P.A.
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Banco BPM S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends BANCO BPM S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 1,87 €
Last Close Price 1,83 €
Spread / Highest target 25,7%
Spread / Average Target 2,42%
Spread / Lowest Target -34,4%
EPS Revisions
Managers
NameTitle
Giuseppe Castagna Chief Executive Officer & Executive Director
Massimo Tononi Chairman
Giovanni Sordello Head-Operations, Real Estate & Purchasing
Edoardo Maria Ginevra Chief Financial Officer
Anna Maria Ricco Head-Information Technology
Sector and Competitors