S&P upgraded Banco BPM. BPM Bank stock loses 1.16 percent

Published on 10/14/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco BPM's 52-week high is EUR 17.45. BPM Bank stock costs EUR 14.48 on October 14, 2026, 1.16 percent below EUR 14.65.

Rating and capital signals

S&P Global Ratings raised Banco BPM's issuer rating from BBB to BBB+ on September 29, 2026.
Banco BPM completed a EUR 7.00 million employee-incentive buyback on September 15, 2026.
BPM Bank stock trades at EUR 14.48 at 12:33 p.m. CEST at Lang & Schwarz on October 14, 2026, 1.16 percent below the Xetra close of October 13, 2026.
The next periodic information is scheduled for November 5, 2026.

Glühende Bremsscheiben auf automatisierter Fertigungslinie in moderner Fabrikhalle mit Robotern — Brembo S.p.A. (ISIN IT0005218380) betreibt moderne Fertigungsanlagen zur automatisierten Herstellung glühender Bremsscheiben mit Robotern, Illustration mit AI erstellt.

Banco BPM (IT0005218380) was trading at EUR 14.48 at Lang & Schwarz on October 14, 2026, at 12:33 p.m. CEST, 1.16 percent below the Xetra close of October 13, 2026 at EUR 14.65. S&P Global Ratings upgraded Banco BPM's long-term issuer rating from BBB to BBB+ on September 29, 2026, and kept the outlook positive.

Credit quality moved higher

The rating action gives the bank's latest market profile a clear credit-quality reference. S&P said Banco BPM's risk-adjusted capital stood at 8.00 percent in December 2025 and projected net profit of EUR 2.00 billion to EUR 2.20 billion for 2027 and 2028.

The same assessment identified a shift in the earnings mix. Noninterest income represented 52.00 percent of the total in June 2026, up from 40.00 percent at the end of 2024, according to S&P Global Ratings.

Three dated capital signals

On September 15, 2026, Banco BPM completed a EUR 7.00 million share buyback for employee incentive plans, purchasing 436,880 shares at an average EUR 16.02 per share, as Teleborsa reported. On September 15, 2026, the bank also completed a bond buyback covering EUR 263.50 million of notes, according to MarketScreener.

Those September actions preceded the September 29 rating upgrade. Together, they put capital management, funding and earnings diversification alongside the stock's EUR 3.00 gap to its 52-week high of EUR 17.45, a distance of 17.02 percent.

What does the rating mean?

The key number is the 8.00 percent risk-adjusted capital ratio cited by S&P for December 2025. Its positive outlook depends on continued profitability, asset quality and capital buffers, while the agency said a deterioration in those measures could lead to a stable outlook.

Next reporting date

The investor-relations calendar lists November 5, 2026, for approval of Banco BPM's additional periodic information for the period ended September 30, 2026, according to the Banco BPM investor-relations page. That date is the next scheduled reporting marker for the stock.

Stock below its yearly high

BPM Bank stock was trading at EUR 14.48 at Lang & Schwarz on October 14, 2026, at 12:33 p.m. CEST, 1.16 percent below the Xetra close of October 13, 2026 at EUR 14.65. The 52-week range was EUR 10.94 to EUR 17.45, while market capitalization stood at EUR 21.8 billion on October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of BPM Bank stock.