Banco BPM S.p.A. (OTCMKTS:BNCZF – Get Free Report) shares dropped 4.6% during trading on Monday . The stock traded as low as $13.45 and last traded at $14.8042. Approximately 8,000 shares were traded during trading, an increase of 253% from the average daily volume of 2,265 shares. The stock had previously closed at $15.51.
Wall Street Analysts Forecast Growth
BNCZF has been the subject of several analyst reports. Morgan Stanley lowered Banco BPM from an “equal weight” rating to an “underweight” rating in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banco BPM in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Research Report on BNCZF
Banco BPM Trading Down 4.6%
About Banco BPM
Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.
The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.
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