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Italian (Borsa Italiana) Banks Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.0%
  • 3M27.9%
  • 1Y37.8%
  • YTD9.8%

Over the last 7 days, the Banks industry has dropped 1.2%, driven by a pullback from UniCredit of 2.4%. On the other hand Banco di Desio e della Brianza is actually up 7.4%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

Has the Italian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026€349.3b€74.1b€29.7b11.5x11.7x4.7x
Sun, 24 May 2026€312.6b€73.9b€29.7b9.8x10.5x4.2x
Tue, 21 Apr 2026€317.9b€73.5b€29.7b10.5x10.7x4.3x
Thu, 19 Mar 2026€286.4b€75.2b€29.9b9.3x9.6x3.8x
Sat, 14 Feb 2026€311.6b€75.6b€30.2b9.8x10.3x4.1x
Mon, 12 Jan 2026€326.2b€73.9b€28.3b11.3x11.5x4.4x
Wed, 10 Dec 2025€303.9b€73.9b€28.3b10.4x10.7x4.1x
Fri, 07 Nov 2025€295.5b€73.6b€28.6b10.2x10.3x4x
Sun, 05 Oct 2025€296.1b€74.1b€28.6b9.6x10.4x4x
Tue, 02 Sep 2025€283.6b€74.0b€28.6b8.7x9.9x3.8x
Thu, 31 Jul 2025€273.4b€73.4b€28.2b8.8x9.7x3.7x
Sat, 28 Jun 2025€247.5b€72.8b€27.5b7.7x9x3.4x
Mon, 26 May 2025€244.2b€72.7b€27.6b8.7x8.8x3.4x
Wed, 23 Apr 2025€218.4b€72.3b€26.7b8x8.2x3x
Fri, 21 Mar 2025€241.0b€72.6b€26.7b8.7x9x3.3x
Sun, 16 Feb 2025€215.3b€72.8b€27.0b7.5x8x3x
Tue, 14 Jan 2025€193.2b€70.8b€28.6b6.1x6.7x2.7x
Thu, 12 Dec 2024€187.0b€70.8b€28.6b6.4x6.5x2.6x
Sat, 09 Nov 2024€184.0b€71.1b€28.5b5.9x6.5x2.6x
Mon, 07 Oct 2024€178.4b€69.9b€27.1b6x6.6x2.6x
Wed, 04 Sep 2024€175.4b€70.0b€27.1b6x6.5x2.5x
Fri, 02 Aug 2024€172.3b€69.9b€26.8b5.9x6.4x2.5x
Sun, 30 Jun 2024€166.3b€68.8b€26.1b5.9x6.4x2.4x
Tue, 28 May 2024€177.7b€68.7b€26.1b6.3x6.8x2.6x
Thu, 25 Apr 2024€171.5b€66.9b€24.8b7x6.9x2.6x
Sat, 23 Mar 2024€163.4b€67.6b€24.8b6.2x6.6x2.4x
Mon, 19 Feb 2024€143.4b€67.6b€24.9b5.8x5.7x2.1x
Wed, 17 Jan 2024€134.2b€65.6b€22.1b5.9x6.1x2x
Fri, 15 Dec 2023€128.7b€65.6b€22.1b5.5x5.8x2x
Sun, 12 Nov 2023€127.7b€65.3b€22.0b5.6x5.8x2x
Tue, 10 Oct 2023€119.0b€61.4b€19.0b6.3x6.3x1.9x
Thu, 07 Sep 2023€117.5b€61.6b€19.0b5.7x6.2x1.9x
Sat, 05 Aug 2023€122.7b€61.0b€18.6b6.6x6.6x2x
Mon, 03 Jul 2023€115.9b€57.5b€17.9b6.3x6.5x2x
Price to Earnings Ratio

6.5x


Total Market Cap: €115.9bTotal Earnings: €17.9bTotal Revenue: €57.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Banks Industry Price to Earnings3Y Average 8.1x202420252026
Current Industry PE
  • Investors are optimistic on the Italian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.8x which is higher than its 3-year average PE of 8.0x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 8.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

IT Market-1.64%
Financials-1.33%
Banks-1.95%
Regional Banks0%0
Diversified Banks-1.95%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.0x.
    • Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings growth of 2.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.8% over the next 5 years.
  • This is better than its past earnings growth rate of 2.6% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.8% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BDB Banco di Desio e della Brianza€12.707.4%
+€115.7m		82.5%PB1.1x
CE Credito Emiliano€16.931.1%
+€61.1m		37.6%PB1.3x

Latest News

FBK
€22.24
FinecoBank Banca Fineco
7D
-3.4%
1Y
17.0%
Narrative Update • Jun 23

FBK: Future Returns Will Reflect Gradual Repricing Of Revenue Mix Execution

FinecoBank Banca Fineco's analyst fair value estimate has been nudged up from €25.18 to €25.25, reflecting a series of modest price target increases from banks such as Berenberg, JPMorgan and Morgan Stanley that cite a slightly stronger revenue outlook, firmer profit margins and a marginally lower future P/E assumption. Analyst Commentary Recent Street research on FinecoBank Banca Fineco points to a generally constructive tone, with several firms tweaking their price targets and, in some cases, reaffirming a positive stance on the stock.
MB
€26.19
Mediobanca Banca di Credito Finanziario
7D
-0.6%
1Y
33.8%
Narrative Update • Jun 23

MB: Lower Discount Rate Will Still Leave Shares Looking Overvalued

The analyst price target for Mediobanca Banca di Credito Finanziario has been adjusted slightly higher to €21.77 from €21.68. Analysts point to updated assumptions around discount rates, profit margins and forward P/E as the main drivers of the change.
UCG
€78.19
UniCredit
7D
-2.4%
1Y
39.2%
Narrative Update • Jun 22

UCG: Commerzbank Takeover Setback Will Test Earnings Resilience And P/E Assumptions

Analysts have increased their UniCredit fair value estimate by about €4 to €72.00, citing recent Street research that adjusts assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on UniCredit highlights that, alongside upward revisions, there have also been several bearish adjustments to price targets and ratings that point to ongoing debate about the stock's risk and reward profile.
BST
€1.64
Banca Sistema
7D
-4.1%
1Y
-14.1%
BPE
€13.57
BPER Banca
7D
-2.2%
1Y
79.8%
Narrative Update • Jun 18

BPE: Merger Integration And Cautious Rate Outlook Are Expected To Shape Upside

The analyst fair value estimate for BPER Banca has been raised from €14.50 to €15.00, reflecting updated assumptions on discount rate, revenue growth and margins, even as recent Street research has shifted to more neutral ratings and trimmed or held price targets in the €12.50 to €13.40 range. Analyst Commentary Recent Street research on BPER Banca points to a more balanced stance, with several firms adopting neutral ratings even as the analyst fair value estimate stands above current Street price targets.
BMPS
€10.95
Banca Monte dei Paschi di Siena
7D
-0.4%
1Y
51.1%
Narrative Update • Jun 17

BMPS: Takeover Bid Will Test Governance Stability And Execution Risks

Analysts have slightly adjusted their price target for Banca Monte dei Paschi di Siena to €9.20, citing updated assumptions on growth, profitability and valuation following recent bullish Street research coverage. What’s in the News for Banca Monte dei Paschi di Siena Intesa Sanpaolo has launched an unsolicited takeover bid for Banca Monte dei Paschi di Siena valued at €30.6b, offering 16 newly issued Intesa shares for every 10 MPS shares plus €1 per MPS share in cash, with completion targeted for December 31, 2026, subject to regulatory approvals and Intesa securing at least 66.67% of MPS shares.
BDB
€12.70
Banco di Desio e della Brianza
7D
7.4%
1Y
82.5%
BAMI
€15.31
Banco BPM
7D
-3.3%
1Y
54.8%
Narrative Update • Jun 12

BAMI: Fair Outlook Will Balance Monte Paschi Bid With Earnings Resilience

Analysts have nudged their price target on Banco BPM slightly lower by €0.70, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E after recent research that included a target cut and a downgrade. Analyst Commentary Bullish Takeaways Bullish analysts still see support for Banco BPM's valuation even after the €0.70 price target trim, indicating they view the recent research as a recalibration rather than a fundamental reset.
ISP
€6.03
Intesa Sanpaolo
7D
-2.0%
1Y
25.4%
Narrative Update • Jun 10

ISP: 2026 Earnings Power Will Depend On Monte Dei Paschi Bid Execution

Analysts have nudged their average price target for Intesa Sanpaolo slightly higher, with recent Street research pointing to a move from about €6.73 to roughly €6.75 as firms fine tune assumptions on fair value, discount rates, growth and future price-to-earnings ratios. Analyst Commentary Recent research on Intesa Sanpaolo shows a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions.
CE
€16.93
Credito Emiliano
7D
1.1%
1Y
37.6%