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Italian (Borsa Italiana) Financials Sector Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies46
  • 7D1.7%
  • 3M2.5%
  • 1Y43.0%
  • YTD45.7%

The Financials industry is up 1.7% in the last week, with UniCredit up 3.5%. Meanwhile, BFF Bank actually underperformed within the industry, shrinking 9.8% in the last week. This means that the industry has gained 43% over the past year. Looking forward, earnings are forecast to grow by 4.5% annually.

Sector Valuation and Performance

Has the Italian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025€439.4b€170.4b€39.0b11.6x11.3x2.6x
Wed, 12 Nov 2025€446.5b€170.3b€38.6b12.1x11.6x2.6x
Fri, 10 Oct 2025€423.2b€170.0b€38.8b12.1x10.9x2.5x
Sun, 07 Sep 2025€402.7b€169.9b€38.7b11.9x10.4x2.4x
Tue, 05 Aug 2025€392.5b€168.7b€38.4b11.4x10.2x2.3x
Thu, 03 Jul 2025€362.3b€167.7b€37.5b10.7x9.7x2.2x
Sat, 31 May 2025€372.1b€167.6b€37.5b11.8x9.9x2.2x
Mon, 28 Apr 2025€347.2b€167.0b€36.5b10.6x9.5x2.1x
Wed, 26 Mar 2025€367.1b€166.9b€36.6b10.3x10x2.2x
Fri, 21 Feb 2025€330.8b€172.9b€35.4b9.2x9.4x1.9x
Sun, 19 Jan 2025€309.0b€170.1b€37.0b9.2x8.3x1.8x
Tue, 17 Dec 2024€293.8b€170.1b€37.0b9x7.9x1.7x
Thu, 14 Nov 2024€281.8b€169.9b€37.0b8.5x7.6x1.7x
Sat, 12 Oct 2024€282.9b€168.9b€35.2b8.4x8x1.7x
Mon, 09 Sep 2024€266.9b€168.9b€35.2b8.7x7.6x1.6x
Wed, 07 Aug 2024€244.7b€165.8b€35.0b8.4x7x1.5x
Fri, 05 Jul 2024€267.8b€164.2b€34.2b8.6x7.8x1.6x
Sun, 02 Jun 2024€278.3b€176.6b€34.9b9.1x8x1.6x
Tue, 30 Apr 2024€269.8b€174.4b€33.5b9.3x8.1x1.5x
Thu, 28 Mar 2024€264.9b€170.8b€33.5b9.4x7.9x1.6x
Sat, 24 Feb 2024€230.6b€185.7b€32.9b9x7x1.2x
Mon, 22 Jan 2024€228.8b€230.2b€32.1b9.4x7.1x1x
Wed, 20 Dec 2023€218.1b€230.2b€32.1b9x6.8x0.9x
Fri, 17 Nov 2023€220.6b€232.0b€32.1b8.7x6.9x1x
Sun, 15 Oct 2023€205.1b€227.8b€28.8b9.1x7.1x0.9x
Tue, 12 Sep 2023€205.6b€228.1b€28.8b10x7.1x0.9x
Thu, 10 Aug 2023€204.3b€221.2b€27.4b9.9x7.5x0.9x
Sat, 08 Jul 2023€200.8b€216.8b€26.1b11.2x7.7x0.9x
Mon, 05 Jun 2023€193.5b€216.8b€26.0b11.3x7.4x0.9x
Wed, 03 May 2023€194.5b€212.4b€22.5b11.5x8.6x0.9x
Fri, 31 Mar 2023€195.9b€212.2b€22.5b11.6x8.7x0.9x
Sun, 26 Feb 2023€194.9b€213.2b€22.5b10.4x8.7x0.9x
Tue, 24 Jan 2023€182.5b€206.9b€17.2b11.4x10.6x0.9x
Thu, 22 Dec 2022€169.6b€207.0b€17.2b9.9x9.9x0.8x
Price to Earnings Ratio

9.9x


Total Market Cap: €169.6bTotal Earnings: €17.2bTotal Revenue: €207.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Financials Sector Price to Earnings3Y Average 8.5x202320242025
Current Industry PE
  • Investors are optimistic on the Italian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.3x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 31% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Italian Financials sector?

IT Market-0.18%
Financials1.66%
Banks2.14%
Diversified Financial1.07%
Capital Markets0.86%
Insurance0.18%
Consumer Finance-2.48%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 28.9%, which is lower than the prior year's growth of 90.2% per year.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 90% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UCG UniCredit€67.483.5%
+€3.6b		73.6%PB1.5x
ISP Intesa Sanpaolo€5.670.8%
+€799.6m		43.8%PB1.5x
BMPS Banca Monte dei Paschi di Siena€8.173.1%
+€738.3m		20.0%PB0.9x
BPE BPER Banca€10.762.7%
+€559.6m		70.8%PB1.3x
PST Poste Italiane€20.531.4%
+€362.4m		48.0%PE12.3x

Latest News

PST
€20.53
Poste Italiane
7D
1.4%
1Y
48.0%

PST: Market Will Focus On Interest Income And Dividend Payout Stability

Analysts have nudged their consolidated price target for Poste Italiane slightly higher to about EUR 23, reflecting broadly supportive views on valuation and earnings quality despite only modest tweaks to growth and profitability assumptions. Analyst Commentary Recent Street research continues to frame Poste Italiane as a relatively resilient income and rate sensitive name, with most targets clustering just above EUR 21 and moving toward the EUR 23 level.
ISP
€5.67
Intesa Sanpaolo
7D
0.8%
1Y
43.8%

ISP: Incremental Actions And Earnings Visibility Will Sustain Balanced Risk And Reward

Analysts have nudged their price target on Intesa Sanpaolo slightly higher, to about EUR 6.18 from EUR 6.17. This reflects a modestly lower discount rate and stable growth and profitability expectations, supported by recent research that highlights room for incremental improvements without requiring major strategic shifts.
AZM
€34.98
Azimut Holding
7D
-0.06%
1Y
40.4%
BMED
€18.42
Banca Mediolanum
7D
1.5%
1Y
57.8%

BMED: Future Upside Will Rely On Sustained Profitability And Execution

Analysts have nudged their price target for Banca Mediolanum slightly higher to EUR 19.64 from EUR 19.51, citing a modest improvement in projected profitability and aligning more closely with recent Street-level target increases to around EUR 20. Analyst Commentary Recent Street research reflects a generally constructive view on Banca Mediolanum, with bullish analysts pointing to an improved risk reward profile following the latest price target revisions.
BMPS
€8.17
Banca Monte dei Paschi di Siena
7D
3.1%
1Y
20.0%

BMPS: Index Inclusions Will Support Continued Upward Momentum

Analysts have inched up their price target for Banca Monte dei Paschi di Siena to 9.80 euros from 9.76 euros, citing slightly improved long term profitability assumptions and a modestly higher justified earnings multiple. What's in the News Banca Monte dei Paschi di Siena S.p.A. has been added to the S&P EUROPE 350, signaling broader recognition among large European equities (Key Developments).
BPE
€10.76
BPER Banca
7D
2.7%
1Y
70.8%

BPE: Index Inclusion And Buyback Plans Will Drive Future Momentum

Analysts have nudged their price target for BPER Banca slightly higher to EUR 12.00, reflecting improved expectations for revenue growth and margins, while noting the bank's growing status as a preferred Italian name despite some valuation driven rating adjustments. Analyst Commentary Recent research updates on BPER Banca highlight a mixed but generally constructive stance, with several firms acknowledging the bank as a preferred Italian banking exposure even as some recommendations moderate on valuation grounds.
UNI
€19.46
Unipol Assicurazioni
7D
1.5%
1Y
60.9%

UNI: Stable Assumptions And Pricing Will Guide Future Performance Outlook

Analysts have modestly raised their price target on Unipol Assicurazioni to €20.80 from €20.80, reflecting broadly unchanged assumptions on discount rate, revenue growth, profit margin, and future P E multiples that continue to support their valuation framework. Valuation Changes The fair value estimate remains unchanged at €20.80, indicating no revision to the core valuation output.
UCG
€67.48
UniCredit
7D
3.5%
1Y
73.6%

UCG: Capital Returns And Commerzbank Stake Options Will Shape Future Share Performance

UniCredit's analyst price target has edged higher to about EUR 71.12 from EUR 70.99, as analysts factor in slightly stronger revenue growth expectations, offset by a marginally lower profit margin and discount rate. Analyst Commentary Recent Street research on UniCredit reflects a generally positive stance on the bank, with upward revisions to price targets from several bullish analysts and only a modest downward adjustment from more cautious voices.
G
€33.99
Assicurazioni Generali
7D
-0.1%
1Y
21.3%

G: Solvency Review Will Shape Capital Optionality And Measured Upside Outlook

Analysts have nudged their fair value estimate for Assicurazioni Generali higher from EUR 33.50 to about EUR 34.11, citing the stock's strong optionality and potential upside from the upcoming solvency review as key supports for the higher price target. Analyst Commentary Recent research updates frame Assicurazioni Generali as a high-conviction name within the European insurance sector, with the latest price targets indicating meaningful upside from current trading levels.
BFF
€9.44
BFF Bank
7D
-9.8%
1Y
7.0%

BFF: Lower Discount Rate And Firmer Margins Will Sustain Current Market Value

Analysts have raised their price target for BFF Bank from $11.44 to $11.85. They cite improvements in discount rate and projected profit margin as key factors supporting the updated valuation.
BAMI
€12.38
Banco BPM
7D
1.2%
1Y
55.8%

BAMI: Diversified Income And Cost Controls Will Support Balanced Outcomes Ahead

Analysts have slightly increased their average price target for Banco BPM, with the new consensus fair value rising from EUR 13.15 to EUR 13.19. They cite the bank's diversified revenue streams and improved growth outlook as primary drivers for the upward revision.
EQUI
€5.93
Equita Group
7D
-0.5%
1Y
46.4%
TIP
€8.76
Tamburi Investment Partners
7D
-0.5%
1Y
5.3%
MOL
€35.85
Moltiply Group
7D
-2.6%
1Y
-11.2%
ANIM
€6.03
Anima Holding
7D
-0.08%
1Y
-9.3%
REVO
€17.58
REVO Insurance
7D
-2.3%
1Y
41.2%