Il Bpm bank is today the best banking stock a Business Square and just over half an hour after the closing of trading, it is close to an increase of 4%. For what reasons? For at least four reasons. The biggest surprise is Francesco Gaetano's entry into the capital, anticipated by the Mf Milano Finanza website Caltagirone which bought 1,1% of the bank led by Giuseppe Chestnut, the skilled helmsman of the bank in Piazzale Meda reconfirmed just yesterday for another three years in the office of managing director.
BANCO BPM: FOR CALTAGIRONE BANKS ARE A PASSION
Investments in banks are nothing new for Caltagirone, considering that it has previously invested in Monte dei Paschi, in Mediobanca and Unicredit. Why, then, entry into Banca Bpm? Because Caltagirone knows that it is a well managed bank and that for this very reason it could be a prey bank, as the rumors that indicate Unicredit in ambush would seem to confirm.
The second reason that causes the Banco Bpm share to run on the Stock Exchange is the strengthening of Credit Agricole who confirms himself as the bank's leading shareholder and who has raised his stake from 9,1% to 9,9%, touching the psychological threshold of 10%.
BANCO BPM: PROFITS CAN DOUBLE IN THREE YEARS
The third reason for Banco Bpm's conspicuous rise on the Stock Exchange is an interview released today by Castagna to Il Sole 24 Ore which states how the bank can double its profit in just three years starting from 2023. And then - fourth reason - there are the rumors about M&A and the possible offers for Banco Bpm, even if Castagna claims – but this is obviously part of the game – that the bank is fine even on its own.
In short, risk starts again and Banco Bpm has all the credentials to be a protagonist.
