Banca MPS in rally: the accounts tomorrow. Watch out for bad surprises

Banca MPS extends its eve rally with strong trading volumes

The title, after filing yesterday with more than 3% progress, managed to do even better today.
Banca Monte Paschi ended trading close to the intraday highs at 1.565 euros, with a rally of 4.4%, fueled by high trading volumes, given that over 7.5 million shares traded on the market at the end of the session, approximately twice the average of the last 30 days.

The title started again on the eve of the important appointment tomorrow, when the Board of Directors will meet to examine and approve the accounts for the third quarter and the first nine months of the year.

Bank MPS: the accounts tomorrow. Mediobanca sees profits falling sharply

The focus is mainly on profits, after which Mediobanca Securities released a report in recent days in which it estimated that in the third quarter the main banks of Piazza Affari should bring on average a drop in the net result of 22% compared to to the previous three months.

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Analysts have explained that this performance is attributable to the fact that the BTP rally has slowed down and the positive impact has already been seen in the accounts closed on June 30th.