Business Square bringing up the rear of the European stock exchanges. Indeed, on a day in which Frankfurt travels in positive territory, while London and Paris fluctuate around parity, the Milanese stock market dropped by around 0,8% in mid-morning.
To weigh, on Piazza Affari, is the performance of Ps, which has entered the volatility auction several times, after even marking a drop of 8,3%, to 0,18 euro, a new all-time low for the Sienese institute, which translates into a capitalization of only 537 million euro . A year ago, Montepaschi's shares were worth 1,70 euro. Around 11:15 the shares of Mps drop 5,5%. Other banks are also down, such as Bpm, Bper and Ubi.
Performance of Mps on the Stock Exchange in the last year (Source: Borsaitaliana):
Among the factors that dragged down the bank's shares, there would be, according to analysts, also the words of Ignatius Angeloni, member of the supervisory board of the ECB, who spoke of "quite substantial changes" in the SREP (supervisory review and evaluation process) for individual banks, among which according to many there would be MPS, Banca Carige and Banco Popolare.
In addition to an industrial plan that seems destined to slip, a report by Fitch also weighs on the institute's shares, according to which there would be risks of implementing the MPS plan on the disposal of NPLs, a plan "which remains a source of concern at the level of the entire domestic banking system”.
