Jefferies keeps EUR 15.30 target for BPM Bank stock

Published on 10/21/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept Hold and set a EUR 15.30 target on October 20, 2026. BPM Bank stock costs EUR 13.01 on October 21, 2026 versus that target.

Target and trading facts

Jefferies kept Hold and set a EUR 15.30 target on October 20, 2026.
Banco BPM announced a EUR 400.0 million bond and a EUR 300.0 million debt repurchase on October 14, 2026.
BPM Bank stock trades at EUR 13.01 at 10:17 a.m. CEST at Lang & Schwarz on October 21, 2026.

Trading-Floor der Mailänder Börse mit Bildschirmen, die FTSE-MIB-Kurse und Automotive-Charts zeigen — Brembo S.p.A. (ISIN IT0005218380) wird an der Mailänder Börse im FTSE MIB-Index als Automobilzulieferer gehandelt, Illustration mit AI erstellt.

BPM Bank (ISIN IT0005218380) was trading at EUR 13.01 at Lang & Schwarz on October 21, 2026 at 10:17 a.m. CEST. Markets Insider reported on October 20 that Jefferies kept a Hold rating and set a EUR 15.30 price target.

Target stays above the quote

The Jefferies target stands 17.60 percent above the Lang & Schwarz price. That gap gives the analyst call a concrete valuation reference, although the rating itself remains Hold rather than Buy.

Il Sole 24 Ore reported on October 19 that Jefferies expected third-quarter net profit of EUR 440.00 million, compared with EUR 581.00 million in the second quarter. The same assessment projected CET1 capital at 14.20 percent and commission income down 8.00 percent quarter over quarter.

Three developments in 2026

On September 29, 2026, S&P raised Banco BPM's issuer rating to BBB+, according to the bank's investor-relations page. On October 14, 2026, Banco BPM announced a EUR 400.00 million Additional Tier 1 bond and a EUR 300.00 million repurchase offer for perpetual debt, as MarketScreener reported. On October 20, Jefferies set the EUR 15.30 target.

What dates matter next?

The bank's investor-relations calendar lists October 26, 2026, as the expected settlement date for the bond transaction and November 5, 2026, for approval of additional information for the period ending September 30, 2026, according to the Banco BPM investor-relations page. The November report will test whether the weaker third-quarter expectations are reflected in the bank's reported earnings.

Stock value and market range

Banco BPM's market capitalization was EUR 19.6 billion as of October 21, 2026. Its 52-week range was EUR 10.94 to EUR 17.45, placing the Lang & Schwarz quote EUR 4.44 below the high and EUR 2.07 above the low. The primary listing is on Borsa Italiana under ticker BAMI.

BPM Bank was trading at EUR 13.01 at Lang & Schwarz on October 21, 2026 at 10:17 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of BPM Bank stock.