Banco BPM (OTCMKTS:BNCZF) Stock Price Up 6.3% – Should You Buy?

Shares of Banco BPM S.p.A. (OTCMKTS:BNCZF) shot up 6.3% on Wednesday . The stock traded as high as $15.70 and last traded at $15.70. 240 shares changed hands during mid-day 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 topic of several recent research reports. Santander assumed coverage on shares of Banco BPM in a report on Monday, September 29th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco BPM in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Banco BPM Stock Performance

The business has a 50-day moving average of $14.65 and a two-hundred day moving average of $13.29.

About Banco BPM

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.