Banco BPM (OTCMKTS:BNCZF) Trading Down 10.6% – Here’s Why

Banco BPM S.p.A. (OTCMKTS:BNCZF)’s share price traded down 10.6% during trading on Thursday . The company traded as low as $15.0850 and last traded at $15.0850. 200 shares traded hands during trading, a decline of 90% from the average session volume of 1,950 shares. The stock had previously closed at $16.87.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded Banco BPM from an “equal weight” rating to an “underweight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Banco BPM Stock Down 10.6%

The stock has a 50 day moving average price of $15.26 and a 200 day moving average price of $14.09.

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.