Jefferies cuts target to EUR 15.30 for BPM Bank stock

Published on 10/20/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BPM Bank earned EUR 580.60 million in the second quarter of 2026. BPM Bank stock costs EUR 13.06 on October 20, 2026, below its EUR 17.45 high.

Analyst target and reporting date

Jefferies cut its Banco BPM target to EUR 15.30 on October 19, 2026.
The bank is expected to post EUR 440.00 million in third-quarter net income with a 14.20 percent CET1 ratio.
BPM Bank stock traded at EUR 13.06 at 10:07 a.m. CEST at Lang & Schwarz on October 20, 2026, below its EUR 17.45 52-week high.

Architektur-Render eines modernen Bürogebäudes mit Glasfassade neben einer Fahrzeug-Teststrecke — Brembo S.p.A. (ISIN IT0005218380) unterhält moderne Entwicklungszentren mit Glasfassaden und angrenzenden Fahrzeug-Teststrecken, Illustration mit AI erstellt.

BPM Bank (IT0005218380) was trading at EUR 13.06 at Lang & Schwarz on October 20, 2026, at 10:07 a.m. CEST. Il Sole 24 Ore reported on October 19, 2026, that Jefferies cut its target for Banco BPM to EUR 15.30 while maintaining a Hold rating.

Jefferies sees weaker third quarter

Jefferies expects third-quarter net income of EUR 440.00 million, down from EUR 581.00 million in the second quarter, and projects a CET1 ratio of 14.20 percent. The estimate puts the bank's expected profit below consensus by 2.00 percent, while net interest income is forecast to rise 1.00 percent quarter over quarter and commission income to decline 8.00 percent, according to Il Sole 24 Ore.

What does the target imply?

The EUR 15.30 target lies 17.15 percent above the Lang & Schwarz price. That gap gives the analyst view a measurable cushion, but the forecast also highlights the pressure from bond valuations and weaker trading income.

Three dated developments

On August 5, 2026, Banco BPM scheduled its half-year report for June 30, 2026. On September 29, 2026, the same investor-relations page listed an S&P upgrade to BBB+. On October 19, 2026, Jefferies set the EUR 15.30 target and estimated EUR 440.00 million in third-quarter net income.

Next reporting date

The next scheduled event is the approval of additional periodic information for the nine months ending September 30, 2026, on November 5, 2026, according to Banco BPM.

Stock remains below its yearly high

Banco BPM's market capitalization was EUR 19.7 billion as of October 20, 2026. The stock's 52-week range was EUR 10.94 to EUR 17.45, leaving the Lang & Schwarz price EUR 4.39 below the high.

The further course of trading is shown by the continuously updated real-time quote of BPM Bank stock.