BPM Bank stock: Jefferies cuts target for BPM Bank stock from EUR 16.60 to EUR 15.30

Published on 10/19/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit is forecast at EUR 440 million for November 5, 2026. BPM Bank stock costs EUR 13.14 on October 19, 2026, down 4.78 percent on Borsa Italiana.

Analyst revision and valuation

Jefferies lowered its Banco BPM target from EUR 16.60 to EUR 15.30 on October 19, 2026.
Banco BPM expects third-quarter results on November 5, 2026, with net profit forecast at EUR 440 million.
BPM Bank stock costs EUR 13.14 at Lang & Schwarz on October 19, 2026 at 4:00 p.m. CEST, 4.78 percent below the Borsa Italiana close of October 16, 2026.
Banco BPM has a market capitalization of EUR 19.8 billion and a price-to-earnings ratio of 8.40.

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Jefferies cut its Banco BPM target from EUR 16.60 to EUR 15.30 on October 19, 2026, while retaining a Hold rating, according to Borsa Italiana. The revised target stands 16.44 percent above the EUR 13.14 price at Lang & Schwarz, calculated in the same euro denomination.

Profit expectations set the next marker

The same Jefferies note expects third-quarter net profit of EUR 440 million, about 2.00 percent below consensus of EUR 449 million and below the EUR 581 million reported for the second quarter. It also expects the CET1 ratio to decline by 20 basis points quarter over quarter to 14.20 percent, a projection linked to market-value changes in the bond portfolio.

Banco BPM's investor-relations calendar lists November 5, 2026, for approval of additional information for the period ended September 30, 2026, according to the bank's Banco BPM investor-relations page.

Stock sits below its yearly high

The euro price was EUR 13.14 at Lang & Schwarz on October 19, 2026 at 4:00 p.m. CEST. It was 4.78 percent below the Borsa Italiana close of October 16, 2026 at EUR 13.80. The quote remains 24.70 percent below the 52-week high of EUR 17.45 and 20.11 percent above the 52-week low of EUR 10.94.

Trading volume was 2,987,433 shares at 3:47 p.m. CEST, against an average of 4,781,143 shares. That places the session volume 37.51 percent below the average, a useful measure of how much participation accompanied the decline.

Valuation beside larger banks

Banco BPM's market capitalization was EUR 19.8 billion, with a price-to-earnings ratio of 8.40. The dividend yield was 0.08 percent, below the 0.10 percent threshold used for this report. The 2028 price-to-earnings ratio cited by Jefferies was 9.60, compared with 8.30 for Intesa Sanpaolo and 9.40 for BPER Banca.

Comparison with peers

As of October 19, 2026:

Banco BPM (Borsa Italiana, EUR): minus 4.78 percent, P/E 8.40, market capitalization EUR 19.8 billion
UniCredit (Borsa Italiana, EUR): minus 2.68 percent, P/E 10.54, market capitalization EUR 111.8 billion
BPER Banca (Borsa Italiana, EUR): minus 2.69 percent, P/E 12.01, market capitalization EUR 27.3 billion

Price and the next date

Jefferies' target revision gives the market a new valuation marker, while the November 5 reporting date supplies the next scheduled checkpoint. Banco BPM's lower price-to-earnings ratio than the two peer figures cited in the Jefferies note does not remove the significance of the bank's projected EUR 440 million third-quarter profit.

The stock was trading at EUR 13.14 at Lang & Schwarz on October 19, 2026 at 4:00 p.m. CEST, down 4.78 percent versus the Borsa Italiana close of October 16, 2026 at EUR 13.80. The further course of trading is shown by the continuously updated real-time quote of BPM Bank stock.