Banca Monte dei Paschi di Siena, IT0005508921

Norges opposes MPS deals: Banca Monte dei Paschi di Siena stock is 10.76 percent below its high

Published on 10/26/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norges opposed three MPS deals before the October 29, 2026, vote. Banca Monte dei Paschi di Siena stock costs EUR 10.78 on October 26, 2026, below EUR 12.08.

Voting pressure and bank earnings

On October 24, 2026, Norges opposed MPS offers for Banco BPM and Banca Generali and the Mediobanca merger.
Second-quarter 2026 net income reached EUR 1.24 billion versus EUR 0.52 billion in the first quarter.
Banca Monte dei Paschi di Siena stock traded at EUR 10.78 at 9:42 a.m. CEST on October 26, 2026.
The shareholder meeting is scheduled for October 29, 2026.

Banca Monte dei Paschi di Siena, IT0005508921, Illustration mit AI erstellt.

Banca Monte dei Paschi di Siena (ISIN IT0005508921) was trading at EUR 10.78 at Lang & Schwarz on October 26, 2026 at 9:42 a.m. CEST. Norges Bank Investment Management opposed the bank's offers for Banco BPM and Banca Generali, as well as its planned Mediobanca merger, ahead of the October 29 shareholder meeting, MarketScreener reported on October 26, 2026. The vote now puts execution and shareholder support at the center of the stock story.

Three decisions shape the vote

The recent sequence shows how quickly the transaction debate has moved. On October 1, 2026, Morningstar DBRS raised MPS's Long-Term Issuer Rating to BBB high from BBB, while its Tier 2 rating rose to BBB low from BB high, according to the bank's release carried by MPS.

On October 21, 2026, MPS launched its voluntary public exchange offer for Banco BPM, according to the bank's English investor page. On October 24, 2026, Norges opposed the Banco BPM and Banca Generali offers and the Mediobanca merger, Il Sole 24 ORE reported.

What does the vote mean for the stock?

The financial backdrop gives the debate weight. In the second quarter of 2026, MPS reported EUR 1.24 billion in net income, compared with EUR 0.52 billion in the first quarter, while earnings per share rose from EUR 0.17 to EUR 0.37, according to IT Boltwise. The stock's EUR 32.7 billion market capitalization and EUR 6.85 to EUR 12.08 52-week range frame the decision as a valuation and strategy question rather than a single earnings reaction.

Two dates define the next step

The MPS Foundation's administrative committee is due to decide its voting position on October 28, 2026, according to Il Sole 24 ORE. The extraordinary shareholders meeting follows on October 29, 2026, while the next interim report is scheduled for November 5, 2026, according to the official MPS investor page.

Stock price sets the reference

The stock was trading at EUR 10.78 at Lang & Schwarz on October 26, 2026 at 9:42 a.m. CEST. Its 52-week high is EUR 12.08, leaving the current quote 10.76 percent below that level.

The further course of trading is shown by the continuously updated real-time quote of Banca Monte dei Paschi di Siena stock.