Banco BPM (OTCMKTS:BNCZF) Stock Falls 16.6% – Here’s What Happened

Banco BPM S.p.A. (OTCMKTS:BNCZF) shares dropped 16.6% on Thursday. The stock traded as low as $15.20 and last traded at $15.20. Approximately 100 shares traded hands during trading, a decline of 94% from the average daily volume of 1,779 shares. The stock had previously closed at $18.22.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banco BPM in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco BPM Stock Down 16.6%

The business has a 50 day moving average price of $19.18 and a two-hundred day moving average price of $16.70.

Banco BPM Company Profile

Banco BPM is an Italian banking group providing financial services to individuals, businesses and institutions. Its offerings include current and savings accounts, loans, mortgages, payment services, investment products and wealth management, along with banking and financial services for corporate clients.

The group serves customers primarily in Italy through its branch network and digital channels. Its activities also include services such as leasing, factoring and insurance distribution.

Banco BPM was established in 2017 through the merger of Banco Popolare and Banca Popolare di Milano, bringing together two longstanding Italian cooperative banking groups.