S&P raises Banco BPM rating to BBB+: Banco BPM stock sits 15.59 percent below its high

Published on 10/09/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 net income reached EUR 1.06 billion. Banco BPM stock costs EUR 14.73 on October 9, 2026, minus 0.34 percent versus EUR 14.78.

Key points in brief

S&P raised Banco BPM's issuer rating to BBB+ with a positive outlook on September 29, 2026.
First-half 2026 net income reached EUR 1.06 billion, while 2026 guidance rose above EUR 1.95 billion.
Banco BPM stock was trading at EUR 14.73 at Lang & Schwarz on October 9, 2026, down 0.34 percent versus EUR 14.78.
The bank's 52-week range is EUR 10.94 to EUR 17.45, and its market capitalization is EUR 22.2 billion.

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Banco BPM (IT0005218380) was trading at EUR 14.73 at Lang & Schwarz on October 9, 2026, down 0.34 percent versus the prior close of EUR 14.78. On September 29, 2026, Banco BPM reported that S&P Global Ratings had raised its long-term issuer rating from BBB to BBB+ and assigned a positive outlook.

Banco BPM's three dated milestones

On August 5, 2026, Banco BPM presented first-half 2026 results showing EUR 1.06 billion of net income, a 14.40 percent Common Equity Tier 1 ratio and guidance above EUR 1.95 billion, according to the Yahoo Finance transcript. On September 15, 2026, the bank disclosed a EUR 7 million employee-incentive share buyback program through its investor-relations page. The September 29, 2026 S&P action was the third milestone, lifting the issuer rating to BBB+ while confirming the short-term rating at A-2.

What BBB+ means for capital

The rating action gives Banco BPM a stronger external credit marker after the bank rebuilt capital while integrating Anima. S&P also raised the stand-alone credit profile from bbb- to bbb, and the positive outlook links the assessment to capital strength, Anima integration and strategic execution, according to the company release.

The first-half figures add operating substance to the rating change. Net income guidance rose above EUR 1.95 billion from EUR 1.90 billion previously, while the interim dividend guidance increased to EUR 0.50 per share from EUR 0.46, according to Yahoo Finance. The 14.40 percent CET1 ratio stood 140 basis points above the planned minimum threshold.

November results set the next marker

Banco BPM's investor-relations calendar lists November 5, 2026, for approval of additional information covering the nine months ended September 30, 2026, according to the investor-relations calendar. That report will test whether the 2026 earnings path remains consistent with guidance above EUR 1.95 billion.

Stock remains below its yearly high

Banco BPM's EUR 14.73 Lang & Schwarz price stood 15.59 percent below its EUR 17.45 52-week high and above its EUR 10.94 low on October 9, 2026. Its market capitalization was EUR 22.2 billion, while the shares are listed on Borsa Italiana and included in the FTSE MIB.

The further course of trading is shown by the continuously updated real-time quote of Banco BPM stock.