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Italian (Borsa Italiana) Financials Sector Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies45
  • 7D1.3%
  • 3M-1.2%
  • 1Y25.2%
  • YTD-1.6%

The Financials industry has stayed flat over the last week. The past year has been better, since the industry has gained 25% in that time. As for the next few years, earnings are expected to grow by 6.4% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026€447.2b€169.9b€36.7b10.9x12.2x2.6x
Sun, 29 Mar 2026€403.0b€171.4b€37.5b10.3x10.8x2.4x
Tue, 24 Feb 2026€461.7b€171.2b€41.0b11x11.2x2.7x
Thu, 22 Jan 2026€452.8b€170.5b€39.1b11.7x11.6x2.7x
Sat, 20 Dec 2025€460.5b€170.5b€39.0b11.7x11.8x2.7x
Mon, 17 Nov 2025€440.2b€170.5b€39.0b11.8x11.3x2.6x
Wed, 15 Oct 2025€421.1b€170.0b€38.8b12x10.9x2.5x
Fri, 12 Sep 2025€414.1b€170.0b€38.7b12x10.7x2.4x
Sun, 10 Aug 2025€411.7b€170.2b€38.7b12.5x10.6x2.4x
Tue, 08 Jul 2025€367.2b€167.7b€37.5b10.9x9.8x2.2x
Thu, 05 Jun 2025€368.8b€167.6b€37.5b11.7x9.8x2.2x
Sat, 03 May 2025€357.4b€167.0b€36.5b11.1x9.8x2.1x
Mon, 31 Mar 2025€358.4b€174.8b€36.6b10.1x9.8x2.1x
Wed, 26 Feb 2025€338.7b€171.6b€35.4b9.5x9.6x2x
Fri, 24 Jan 2025€312.5b€170.1b€37.0b9.2x8.4x1.8x
Sun, 22 Dec 2024€284.6b€170.1b€37.0b8.8x7.7x1.7x
Tue, 19 Nov 2024€282.5b€170.1b€37.0b8.3x7.6x1.7x
Thu, 17 Oct 2024€285.9b€168.9b€35.2b8.5x8.1x1.7x
Sat, 14 Sep 2024€270.4b€168.9b€35.2b8.7x7.7x1.6x
Mon, 12 Aug 2024€252.3b€168.9b€35.2b8.5x7.2x1.5x
Wed, 10 Jul 2024€264.9b€164.2b€34.2b8.6x7.7x1.6x
Fri, 07 Jun 2024€278.8b€176.6b€34.9b9.2x8x1.6x
Sun, 05 May 2024€259.3b€163.0b€33.1b9.1x7.8x1.6x
Tue, 02 Apr 2024€266.3b€170.9b€33.5b9.4x8x1.6x
Thu, 29 Feb 2024€229.5b€185.7b€32.9b8.9x7x1.2x
Sat, 27 Jan 2024€231.4b€229.1b€31.4b9.5x7.4x1x
Mon, 25 Dec 2023€217.8b€230.2b€32.1b8.9x6.8x0.9x
Wed, 22 Nov 2023€215.2b€232.3b€32.0b8.4x6.7x0.9x
Fri, 20 Oct 2023€203.8b€227.8b€28.8b9x7.1x0.9x
Sun, 17 Sep 2023€207.7b€228.1b€28.8b10x7.2x0.9x
Tue, 15 Aug 2023€208.8b€226.5b€28.6b9.9x7.3x0.9x
Thu, 13 Jul 2023€204.8b€216.8b€26.1b11.2x7.9x0.9x
Sat, 10 Jun 2023€193.1b€216.8b€26.1b11.3x7.4x0.9x
Mon, 08 May 2023€200.7b€215.7b€25.3b11.6x7.9x0.9x
Price to Earnings Ratio

7.9x


Total Market Cap: €200.7bTotal Earnings: €25.3bTotal Revenue: €215.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Financials Sector Price to Earnings3Y Average 8.8x202420252026
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 12.2x which is higher than its 3-year average PE of 8.8x.
  • The 3-year average PS ratio of 1.7x 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 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.7% 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 Market0.24%
Financials1.33%
Diversified Financial2.13%
Banks1.41%
Insurance0.92%
Consumer Finance-0.46%
Capital Markets-0.55%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 23.7% 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 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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€65.621.8%
+€1.8b		28.7%PB1.5x
ISP Intesa Sanpaolo€5.781.7%
+€1.7b		23.3%PB1.5x
BPE BPER Banca€12.533.8%
+€966.9m		75.6%PB1.6x
G Assicurazioni Generali€38.101.2%
+€660.4m		18.5%PE13.8x
PST Poste Italiane€22.591.8%
+€530.6m		26.6%PE13.2x

Latest News

BFF
€2.07
BFF Bank
7D
-1.8%
1Y
-75.1%
UNI
€22.20
Unipol Assicurazioni
7D
-0.2%
1Y
41.0%

UNI: Future Returns Will Rely On Stable Dividend And Unchanged Core Assumptions

Analysts have kept their price target for Unipol Assicurazioni broadly unchanged at €23.0, reflecting stable assumptions on fair value, discount rate, growth and profitability in their latest models. What's in the News Unipol Assicurazioni S.p.A. announced an annual dividend of €1.12 per share, with payment scheduled for May 20, 2026.
BMPS
€9.05
Banca Monte dei Paschi di Siena
7D
-0.5%
1Y
22.1%

BMPS: Bullish Research Backdrop Will Support Stronger Earnings Quality And Future Upside

Analysts have lifted their price target for Banca Monte dei Paschi di Siena to €18.13 from €7.39, citing updated assumptions on discount rates, slightly softer revenue growth and profit margin forecasts, and a higher future P/E multiple following recent bullish Street research. Analyst Commentary Recent bullish Street research highlights a more constructive stance on Banca Monte dei Paschi di Siena, with the updated €18.13 price target reflecting revised assumptions on valuation multiples and profit expectations.
G
€38.10
Assicurazioni Generali
7D
1.2%
1Y
18.5%

G: Mixed Broker Views And Dividend Outlook Will Shape Measured Future Upside

Analysts have made a marginal upward adjustment to the average price target for Assicurazioni Generali to about €36.93, reflecting mixed recent research in which one bank slightly lowered its target, another raised its view to €38, and coverage was resumed with a Buy rating. These moves were all supported by small refinements to discount rate, profit margin, and forward P/E assumptions.
BMED
€18.63
Banca Mediolanum
7D
1.7%
1Y
42.0%

BMED: Future Upside Will Depend On Discount Rate And P/E Assumptions

Analysts have nudged their price target on Banca Mediolanum higher to €20.50, supported by updated assumptions around discount rates, revenue growth, profit margins and future P/E, which slightly adjust fair value to about €21.43. Analyst Commentary Analysts lifting the price target to €20.50 are effectively signaling more confidence that the current assumptions for Banca Mediolanum's earnings and valuation can support a higher fair value, while still leaving a modest gap to the internally assessed value of about €21.43.
UCG
€65.62
UniCredit
7D
1.8%
1Y
28.7%

UCG: Higher Return Assumptions And Capital Returns Will Support Future Upside

Analysts have nudged their price expectations for UniCredit only slightly. The updated fair value estimate has moved by about €1, while research points to a higher required return, modestly adjusted revenue growth assumptions, a slightly stronger profit margin profile, and a marginally lower future P/E multiple.
ISP
€5.78
Intesa Sanpaolo
7D
1.7%
1Y
23.3%
AZM
€36.10
Azimut Holding
7D
-3.3%
1Y
48.0%

AZM: Dividend Outlook And Funding Plans Will Shape Balanced Return Profile

Analysts have lifted their price target for Azimut Holding from about €25.90 to roughly €33.70. This reflects updated assumptions that factor in a revised discount rate, a shift to expected revenue growth of 4.33%, a profit margin estimate of 31.80%, and a forward P/E of 11.66x.
NEXI
€4.05
Nexi
7D
5.6%
1Y
-21.3%

NEXI: Softer Long Term Outlook Will Pressure Margins And Sentiment

The updated analyst work trims Nexi's fair value estimate from about €4.14 to €2.60. This reflects a series of recent price target cuts and rating downgrades as analysts factor in softer margins and a less upbeat medium term outlook.
BPE
€12.53
BPER Banca
7D
3.8%
1Y
75.6%

BPE: Mixed Research Views And Merger Plans Will Shape Future Risk Reward

Narrative Update BPER Banca's updated analyst price target moves slightly higher to about €12.51 from roughly €12.08, as analysts factor in revised assumptions for revenue growth, profit margins, discount rate, and a modestly lower future P/E multiple following mixed recent research including price target adjustments and a new neutral initiation. Analyst Commentary Recent research on BPER Banca presents a mixed picture, with some analysts turning more cautious even as others see room for upside.
PST
€22.59
Poste Italiane
7D
1.8%
1Y
26.6%

PST: Higher Revenue Assumptions And Dividend Policy Will Support Fairly Valued Shares

Poste Italiane's updated analyst price target has shifted from €22.84 to €23.45, with analysts broadly citing refreshed targets from banks including €24.50, €25.10 and €21.50 as support for the new fair value view. Analyst Commentary Bullish Takeaways Bullish analysts are clustering new price targets in a higher €21.50 to €25.10 range, which signals greater conviction in the current valuation framework for Poste Italiane.
PRO
€0.19
Banca Profilo
7D
-6.8%
1Y
2.5%
MB
€19.85
Mediobanca Banca di Credito Finanziario
7D
-0.2%
1Y
10.3%
BAMI
€12.39
Banco BPM
7D
2.1%
1Y
26.5%
FBK
€21.08
FinecoBank Banca Fineco
7D
-2.0%
1Y
20.0%
CE
€15.06
Credito Emiliano
7D
-1.6%
1Y
24.7%