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Banking Sector Stocks: Insights on Quarterly Results of US Financial Giants

Some ideas on banking sector stocks, awaiting the release of the quarterly results of some US financial giants.

The major Italian Stock Exchange indices and the main European financial markets they began the session with fractional progress.

At 09.10 am FTSEMib was up 0.26% at 28,465 points, while the FTSE Italia All Share it earned 0.25%. Plus sign also for the FTSE Italia Mid Cap (+0.13%) and for the FTSE Italia Star (+0,13%).

I main US stock indexes recorded progress of the order of a percentage point in the first session of the week. The Dow Jones gained 0.93% to 33,985 points, while the S&P500 gained 1.06% to 4,374 points. A plus sign also for the Nasdaq (+1.2% to 13,568 points).

Rebound of Tokyo Stock Exchange after the correction undergone in the first session of the week. The Nikkei index ended the day with a rise of 1.2% at 32,040 points, after fluctuating between a minimum of 31,901 points and a maximum of 32,261 points.

Il bitcoin remains above 28,000 dollars (over 26,500 euros).

Lo spread Btp-Bund it widened to 200 points, with the yield on the 10-year BTP exceeding 4.8%.

L’euro stands at $1.055.

Telecom Italia TIM try the rebound, after the heavy correction suffered in the previous session. The phone company’s stock started the day with a progress of 1.24% a 0,2605 euro.

Some ideas on banking sector stocksawaiting the release of the quarterly results of some US financial giants.

The increases stand out BancoBPM (+1.13%) on Tuesday BPER Bank (+1,09%).

MFE-MediaForEurope highlighted. The company announced that the grouping of the companies will take place on 23 October 2023 ordinary class “A” shares (-0.47%) and ordinary class “B” shares (+0.09%), in the ratio of one new share for every 5 securities in circulation.

Unieuro among the protagonists of the day (+5.33% to 8.885 euros). The company announced that it has signed a contract for the acquisition of 100% of the capital of Covercare, a company active in the market of repair services for mobile phones, other portable devices and household appliances. The purchase price for 100% of the share capital is set at 60 million euros, in addition to the positive net financial position (cash) at closing and a potential earn-out, up to a maximum of 10 million euros.

All’Euronext Growth Milan Reway Group remains suspended from trading.

2023-10-17 07:13:00
#FTSEMIB #immediately #positive #Telecom #Italia #rebounds

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