The American bank Jp Morgan cut the target price and the rating of the main Italian credit institutions: Banco Popolare, Ubi and Banca Popolare di Milano went from Underweight to Neutral, while Unicredit and Intesa suffered a tp cut respectively from 2,04, 1,4 to 3,05 and 2,1 to XNUMX.
Meanwhile in Piazza Affari the bank stocks are all in sharp declines. The bad performance on the Stock Exchange is however common to the entire European sector: two factors are dragging down the stocks above all: the threat of technical default on US debt and the forthcoming dowgrade on Greece by Moody's.
