BPM Bank stock: Jefferies cuts target to EUR 15.30

Published on 10/20/2026 at 15:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco BPM's results are due November 5, 2026. BPM Bank stock costs EUR 13.08 on October 20, 2026, down 2.75 percent versus Tradegate close.

Analyst target and dates

Jefferies cut its Banco BPM target to EUR 15.30 from EUR 16.60 on October 19, 2026.
Jefferies expects third-quarter net income of EUR 440.00 million, 2.00 percent below consensus.
BPM Bank stock costs EUR 13.08 at Lang & Schwarz on October 20, 2026 at 3:38 p.m. CEST, down 2.75 percent versus the Tradegate close.
Banco BPM is scheduled to report information for the period ending September 30 on November 5, 2026.

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Banco BPM (IT0005218380) faces a lower analyst valuation after Teleborsa reported on October 19, 2026 that Jefferies cut its target from EUR 16.60 to EUR 15.30 while keeping a Hold rating. BPM Bank stock was trading at EUR 13.08 at Lang & Schwarz on October 20, 2026 at 3:38 p.m. CEST, down 2.75 percent versus the Tradegate close of October 19, 2026 at EUR 13.45.

Jefferies lowers its earnings view

Jefferies expects Banco BPM to report third-quarter net income of EUR 440.00 million, according to Teleborsa, which said the estimate is 2.00 percent below consensus and lower than the EUR 581.00 million earned in the second quarter. Il Sole 24 ORE reported that the forecast also includes a CET1 ratio of 14.20 percent, down 20 basis points from the prior quarter.

The revised target places the analyst valuation 16.97 percent above the Lang & Schwarz price of EUR 13.08. Jefferies also reduced its annual earnings-per-share estimates for 2026 through 2028 by 3.00 percent, citing higher interest rates and lower trading revenue assumptions.

Price position and bank peers

Banco BPM has a market capitalization of EUR 19.6 billion and a price-to-earnings ratio of 8.30. Its October 20 price is weaker than the same-day quotes for Intesa Sanpaolo and Banca Monte dei Paschi di Siena, which were down 1.16 percent and 0.55 percent respectively against their prior Milan closes.

Comparison with peers

Banco BPM: down 2.75 percent, price-to-earnings ratio 8.30, market capitalization EUR 19.6 billion.

Intesa Sanpaolo (Borsa Italiana, EUR): down 1.16 percent, price-to-earnings ratio 10.59, market capitalization EUR 104.8 billion.

Banca Monte dei Paschi di Siena (Borsa Italiana, EUR): down 0.55 percent, price-to-earnings ratio 7.93, market capitalization EUR 33.1 billion.

November reporting date

Banco BPM's investor-relations calendar schedules approval of its additional periodic information for the period ending September 30, 2026, on November 5, 2026. The bank also announced on October 14, 2026 that it had completed a EUR 400.00 million Additional Tier 1 bond issue, according to its investor-relations page.

Target remains above the market price

The revised target still sits above the current euro quotation, while the lower earnings assumptions put the November reporting date at the center of the next valuation test. BPM Bank stock was trading at EUR 13.08 at Lang & Schwarz on October 20, 2026 at 3:38 p.m. CEST, down 2.75 percent versus the Tradegate close of October 19, 2026 at EUR 13.45. The further course of trading is shown by the continuously updated real-time quote of BPM Bank stock.