BAMI.MI · MIL
FTSE MIB
Banco BPM S.p.A.
Financial services · Regional banks
€14.72
−€0.050 (−0.34%) today
Today's session · updated · Source: Yahoo Finance
Consensus of 12 analysts
Hold
Median price target €15.40 +4.7%
- Open
- €15.03
- Day range
- 14.49 – €15.04
- 52-week range
- 10.94 – €17.45
- Volume
- 1,899,399
- Market cap
- €22,152M
- P/E (TTM)
- 11.5x
- EPS (TTM)
- €1.28
- EPS est. 2026
- €1.29
- P/E est. 2026
- 11.4x
- Dividend yield
- 7.1%
- Beta
- 0.47
- Payout
- 79%
Analyst summary
Generated with AI · Nov 11, 2026, 15:46Banco BPM is an Italian bank serving individual, business and corporate customers through commercial banking, corporate finance, asset management, insurance and other activities. Q4 2025 revenue was €1,445M, with net income of €466M and a 32.3% net margin. Analysts expect EPS to ease in 2026 before recovering in 2027. The shares offer a 7.1% trailing dividend yield, while the analyst consensus is Hold and the median target implies modest upside.
- 1Q4 2025 revenue was €1,445M and net income €466M, with a 32.3% net margin.
- 22026 EPS is forecast at €1.293, down −6.6%, before €1.394 and +7.8% in 2027.
- 3Trailing dividend yield is 7.1%; consensus is Hold with a €15.40 median target (+4.7%).
Banco BPM financials
Q4 2025 results, quarter ended Dec 31, 2025
| Metric | Q4 2025 | 1-year change |
|---|---|---|
| Total revenue | €1,445M | n/a |
| Net income | €466M | n/a |
| Earnings per share | €0.28 | n/a |
| Net margin | 32.3% | n/a |
| Free cash flow | n/a | n/a |
| Debt / equity | 1.85 | n/a |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q4 2025 | €1,445M | €466M |
Banco BPM earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 2 | €0.2930.28 – 0.31 | n/a |
| Next quarterQ1 2027 · Analysts: 1 | €0.3400.34 – 0.34 | n/a |
| Current year2026 · Analysts: 12 | €1.2931.24 – 1.39 | +4.6%€1.236 |
| Next year2027 · Analysts: 12 | €1.3941.33 – 1.47 | +7.8%€1.293 |
Forward P/E: 11.4x (2026) and 10.6x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q4 2025 | €0.278 | €0.247 |
| Q1 2026 | — | €0.307 |
| Q2 2026 | — | €0.330 |
| Q3 2026 | — | €0.284 |
| Q4 2026 | — | €0.293 |
| Q1 2027 | — | €0.340 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €0.450 | — |
| 2023 | €0.840 | — |
| 2024 | €1.279 | — |
| 2025 | €1.385 | — |
| 2026 | — | €1.293 |
| 2027 | — | €1.394 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €0.340 | +10.7% |
| Q4 2026Estimated | €0.293 | +5.4% |
| Q3 2026Estimated | €0.284 | n/a |
| Q2 2026Estimated | €0.330 | n/a |
| Q1 2026Estimated | €0.307 | n/a |
| Q4 2025 | €0.278est. €0.247 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €1.394 | +7.8% |
| 2026Estimated | €1.293 | −6.6% |
| 2025 | €1.385 | +8.3% |
| 2024 | €1.279 | +52.3% |
| 2023 | €0.840 | +86.7% |
| 2022 | €0.450 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Banco BPM dividend
Yield and payments
| Dividend yield (TTM) | 7.1% |
| Forward yield (next 12m) | 6.8% |
| Dividend per share (TTM) | €1.04 |
| Forward dividend (next 12m) | €1.00 |
| Payout (TTM) | 79% |
| Last dividend | €0.54Apr 20, 2026 |
| Next ex-dividend date | Nov 23, 2026 |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2021 | €0.06 |
| 2022 | €0.19 |
| 2023 | €0.23 |
| 2024 | €0.96 |
| 2025 | €1.06 |
| est. 12m | €1.00 |
Banco BPM forecasts
12 analyst ratings
Consensus: Hold · 3 buy, 7 hold, 2 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €16.80 | +14.2% |
| Median | €15.40 | +4.7% |
| Low | €13.30 | −9.6% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €12.42 |
| Dec 30, 2025 | €13.02 |
| Jan 30, 2026 | €12.62 |
| Feb 27, 2026 | €12.54 |
| Mar 31, 2026 | €11.86 |
| Apr 30, 2026 | €12.39 |
| May 29, 2026 | €13.49 |
| Jun 30, 2026 | €15.11 |
| Jul 31, 2026 | €15.78 |
| Aug 31, 2026 | €16.08 |
| Sep 30, 2026 | €15.92 |
| Oct 30, 2026 | €13.65 |
| Nov 11, 2026 | €14.72 |
Banco BPM peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| BAMI.MI | Banco BPM | 22,152 | 11.5x | 14.72 | −0.34% | 10.9417.45 |
| UCG.MI | UniCredit | 125,271 | 11.4x | 83.61 | +0.07% | 57.3686.42 |
| ISP.MI | Intesa Sanpaolo | 108,698 | 11.0x | 6.29 | −1.66% | 4.816.94 |
| BNP.PA | BNP Paribas | 104,602 | 8.4x | 95.44 | −0.23% | 65.87113.82 |
| CABK.MC | CaixaBank | 85,954 | 13.5x | 12.39 | −1.04% | 8.9613.56 |
| DBK.DE | Deutsche Bank | 61,695 | 9.8x | 33.28 | +0.48% | 23.8235.85 |
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 15:46Risks
- A deterioration in Italian borrowers’ repayment capacity could increase credit losses across the bank’s lending book.
- The forecast 2026 EPS decline of −6.6% could persist longer than expected, delaying the projected 2027 recovery.
- The 79% payout ratio leaves less earnings retained, making dividend expectations more sensitive to weaker profits.
Catalysts
- Delivery of forecast 2027 EPS growth to €1.394 could support a recovery in earnings after the expected 2026 decline.
- Q1 2027 EPS reaching the €0.340 estimate would provide evidence of improving quarterly earnings momentum.
- Expansion across commercial banking, asset management and insurance could strengthen contributions from the company’s varied business segments.
Conclusion
Banco BPM combines a profitable Q4 2025, a 32.3% net margin and a substantial dividend yield with a valuation close to several listed peers. The central near-term issue is the forecast 2026 EPS decline, despite expected growth in 2027. A 79% payout ratio and the modest 4.7% median-target upside temper the appeal, while analysts’ Hold consensus reflects a broadly balanced outlook.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 15:46.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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