Banco BPM (OTCMKTS:BNCZF) Stock Price Up 6.3% – Here’s What Happened

Banco BPM S.p.A. (OTCMKTS:BNCZF) shot up 6.3% during trading on Wednesday . The company traded as high as $15.70 and last traded at $15.70. 240 shares were traded during trading, a decline of 83% from the average session volume of 1,383 shares. The stock had previously closed at $14.77.

Analyst Ratings Changes

BNCZF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco BPM in a research report on Monday, October 6th. Santander assumed coverage on Banco BPM in a research note on Monday, September 29th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Banco BPM has an average rating of “Moderate Buy”.

Banco BPM Stock Up 6.3%

The company’s fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $13.28.

Banco BPM Company Profile

Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.

The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.