The shares of Bpm and Mps stand out in Piazza Affari, gaining respectively 3,71 and 3,13% (to 0,699 and 0,234 euros) in mid-morning, recording the two best increases of the Ftse Mib. The shares of the two credit institutions travel in stark contrast to the main list of the Italian Stock Exchange, which in the same minutes leaves the field 0,5%.
The rise of the Monte dei Paschi di Siena it can be explained with some market rumors. Investors are betting that any moment now MPS Foundation – now a shareholder of the Bank with 29,9% – can announce that it has achieved a agreement for the sale of a stake of around 20%.
Thousands of hypotheses are circulating in Piazza Affari on the identikit of the possible new shareholder. According to the newspaper Il Messaggero, in pole position would be the American giant Jc Flowers, at the head of a consortium which would also include the Blackstone fund.
Furthermore, this morning Equita analysts raised the target price on the Tuscan bank from 0,17 euro to 0,2 euro, reiterating however the "hold" opinion.
as to Banca Popolare di Milano, the market continues to reward the new business plan: the institute has reached its objectives in terms of redundancies in advance and can therefore hire about 390 employees between now and 2016. The capital increase, however, should start on 5 May. Analysts' assessments were positive: Fidentiis recommended the purchase of the stock, while the objectives set for 2016 were defined as "reachable" by Kepler Chevreux.
On Wednesday, Bpm stock closed the session up 5,28%, while it gained 4,17% yesterday.
