Banco BPM SpA (BP) Is Yet to See Trading Action on Oct 3

October 3, 2017 - By Kurt Siggers

Shares of Banco BPM SpA (BIT:BP) closed at 0 yesterday. Banco BPM SpA currently has a total float of 1.52B shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 1.76 and high of 12.65.

What Makes Up the Italian Economy

Italy is prominent worldwide for a lot of things, especially for its tourism industry. What most people don’t know is that Italy is also home to one of the world’s most successful economies backed by a rich history worth learning about and betting on. The history of Banco BPM SpA is deeply connected with this market.

It is not unknown to many that the European economy is one of the fastest-growing economies worldwide— thanks to its healthy trade and commerce environment brought about by the individual and collective successes of its nations such as Italy. Without countries like Italy, it is simply impossible for Europe to boast with firm stability and strong influence all over the world.

The Stock Exchange

Formed by Eugène Beauharnais, Viceroy of Napoleonic Kingdom of Italy, in February 1808 to serve as the main stock exchange in Italy, the Borsa Italiana or Italia Borsa or Piazza Affari is one of the first stock exchanges in Europe. Based in Milan, it had been operated by the government until 1998.

Nearly a decade after the privatization of the Borsa Italiana, the London Stock Exchange Group had acquired it in 2007 in an all-stock deal. As a result, it had consolidated with the London Stock Exchange.

The pre-market trading on the Borsa Italiana opens at 8:00 a.m. and closes at 9:00 a.m. It is immediately followed by the regular trading, which opens at 9:00 a.m. and closes at 5:30 p.m. Lastly, the post-market trading opens at 6:00 p.m. and closes at 8:30 p.m. Needless to say, Italy is home to one of the world’s longest trading hours. This is in consideration of investors around the world with different time zones, providing them with convenient windows to trade on the Borsa Italiana.

With more than 340 stocks listed on the Borsa Italiana today, it has an overall market capitalization of nearly $650 billion. Stocks of Banco BPM SpA are listed inside Borsa Italiana.

The Index

The FTSE Milano Italia Borsa (MIB) is the benchmark Italian index that tracks the top 40 stocks listed on the Borsa Italiana. It had always been known as the S&P/MIB because the S&P oversaw its operation. However, in June 2009, the FTSE had taken over it.

The FTSE MIB accounts for about 80% of the overall market capitalization on the Borsa Italiana, which is why it plays an important role in the Italian economy. Its components are classified into various sectors such as Energy, Manufacturing, Telecommunications, among others.

In March 2000, the FTSE MIB had reached its all-time high of 50,108.56 points. This is also its best intraday high ever.

With the sudden increase in borrowing rates in Europe, the FTSE MIB had reached its all-time low of 12,362.50 in July 2012.

Investors are strongly urged to bet on the growing European economy today; and the best way to do so is to invest on competitive stocks listed on European stock exchanges such as the Borsa Italiana. Investors can pick companies like Banco BPM SpA right from the market. It goes without saying that investing in Italy will yield valuable returns in the long run.

More notable recent Banco BPM SpA (BIT:BP) news were published by: Reuters.com which released: “Prosecutors open probe over Banco BPM merger: document” on January 13, 2017, also Bloomberg.com with their article: “Algebris Said to Be Winning Bidder for Banco BPM Bad Loans” published on June 09, 2017, Marketwatch.com published: “Aviva sells Italian JV stake to Banco BPM” on August 25, 2017. More interesting news about Banco BPM SpA (BIT:BP) were released by: Foxbusiness.com and their article: “Aviva Sells Italian Joint Venture to Banco BPM for EUR265 Million” published on September 29, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Banco BPM confirms sale of Aletti Gestielle to Anima” with publication date: August 04, 2017.

Banco Bpm SpA is an Italy-based company engaged in the financial industry. The company has market cap of EUR. The Firm is a multi-channel bank, which provides a number of banking services and products. It currently has negative earnings. The Company’s range of services include shares placement, establishment and management of specialized investment funds, corporate and individual current account, investor services, general financing operations, life and non-life insurance products, as well as Automated Teller Machines services, e-purse services and Short Message Service (SMS).