BPM Bank stock reports record profit as shares fall 2.45 percent

Published on 10/07/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BPM Bank posted EUR 1.060 billion in first-half 2026 net income, while its CET1 ratio reached 14.40 percent. JPMorgan set a EUR 17 target on September 16.

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BPM Bank (ISIN IT0005218380) was trading at EUR 14.91 on Borsa Italiana on October 7, 2026 at 12:45 p.m. CEST, down 2.45 percent from the previous close. The move came as the bank's first-half performance and shareholder-return plans remained central to the investment case.

Record profit supports higher returns

Banco BPM reported EUR 1.060 billion in net income for the first half of 2026, according to Yahoo Finance. Management said the figure represented a record level, while the Common Equity Tier 1 ratio reached 14.40 percent and the bank increased its total remuneration target from EUR 6 billion to EUR 7 billion over the plan horizon.

The earnings call also showed a measurable operating improvement. The cost-income ratio fell to 42 percent in the second quarter of 2026 from 49 percent in the second quarter of 2024, while total revenue increased 7.7 percent year over year in the quarter, according to Yahoo Finance. The bank also confirmed 2026 net income guidance above EUR 9.5 billion and raised its dividend guidance to EUR 0.50 per share from EUR 0.46.

Analysts see limited upside

JPMorgan resumed coverage on September 16, 2026, with a Neutral rating and a EUR 17 price target, as reported by Investing.com. Its target lies 14.0 percent above the October 7 price. JPMorgan also highlighted that Banco BPM had outperformed its sector by 100 percent over five years and was valued at 10.5 times estimated 2028 earnings in its assessment.

A consensus overview published by MarketScreener lists a Hold rating from 13 analysts and an average target of EUR 15.88. The target stands 6.5 percent above the current price, giving investors a more cautious benchmark than JPMorgan's individual target.

November results are next

Banco BPM's investor-relations calendar schedules the next reporting date for November 5, 2026. The same calendar also lists the August 5 publication of the first-half report, while a September 29 company release announced that S&P had raised Banco BPM's issuer rating to BBB+, according to the bank's Banco BPM investor-relations page.

Stock remains below yearly high

Banco BPM's market capitalization was EUR 22.4 billion on October 7, 2026, with a 52-week range of EUR 10.94 to EUR 17.45. The current price is 14.5 percent below the yearly high, while the session volume stood at 735,236 shares.