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Italian (Borsa Italiana) Banks Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies11
  • 7D2.1%
  • 3M8.8%
  • 1Y62.2%
  • YTD60.1%

The Banks industry is up 2.1% in the last week, with Intesa Sanpaolo up 1.6%. This takes the industry's 12 month performance to a gain of 62%. As for the next few years, earnings are expected to grow by 4.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025€321.2b€73.9b€28.3b11x11.3x4.3x
Fri, 21 Nov 2025€300.7b€73.9b€28.3b10.1x10.6x4.1x
Sun, 19 Oct 2025€283.4b€73.9b€28.6b9.3x9.9x3.8x
Tue, 16 Sep 2025€293.9b€74.0b€28.6b9.2x10.3x4x
Thu, 14 Aug 2025€288.4b€73.9b€28.6b8.8x10.1x3.9x
Sat, 12 Jul 2025€253.7b€72.8b€27.5b8x9.2x3.5x
Mon, 09 Jun 2025€254.8b€72.7b€27.6b8.2x9.2x3.5x
Wed, 07 May 2025€237.9b€72.3b€26.7b8.5x8.9x3.3x
Fri, 04 Apr 2025€221.1b€72.3b€26.7b8x8.3x3.1x
Sun, 02 Mar 2025€232.1b€72.8b€27.0b8.1x8.6x3.2x
Tue, 28 Jan 2025€206.3b€70.8b€28.6b6.7x7.2x2.9x
Thu, 26 Dec 2024€184.0b€70.8b€28.6b5.9x6.4x2.6x
Sat, 23 Nov 2024€177.2b€70.8b€28.6b6x6.2x2.5x
Mon, 21 Oct 2024€189.3b€69.9b€27.1b6.3x7x2.7x
Wed, 18 Sep 2024€177.2b€70.0b€27.1b5.9x6.5x2.5x
Fri, 16 Aug 2024€166.9b€70.1b€26.9b6.3x6.2x2.4x
Sun, 14 Jul 2024€175.6b€68.8b€26.1b6.2x6.7x2.6x
Tue, 11 Jun 2024€177.6b€68.7b€26.1b6.2x6.8x2.6x
Thu, 09 May 2024€176.6b€68.0b€25.4b6.8x7x2.6x
Sat, 06 Apr 2024€167.3b€66.9b€24.8b6.7x6.8x2.5x
Mon, 04 Mar 2024€150.8b€67.6b€24.9b5.8x6x2.2x
Wed, 31 Jan 2024€140.6b€64.5b€21.5b6.4x6.5x2.2x
Fri, 29 Dec 2023€129.7b€65.6b€22.1b5.8x5.9x2x
Sun, 26 Nov 2023€130.6b€65.6b€22.1b5.9x5.9x2x
Tue, 24 Oct 2023€120.0b€61.4b€19.0b6.6x6.3x2x
Thu, 21 Sep 2023€125.5b€61.5b€19.0b6.4x6.6x2x
Sat, 19 Aug 2023€119.5b€61.6b€19.0b5.5x6.3x1.9x
Mon, 17 Jul 2023€119.3b€57.5b€17.9b6.7x6.7x2.1x
Wed, 14 Jun 2023€108.7b€57.5b€17.9b6x6.1x1.9x
Fri, 12 May 2023€110.9b€57.3b€17.7b7.3x6.3x1.9x
Sun, 09 Apr 2023€111.5b€53.3b€14.5b7.1x7.7x2.1x
Tue, 07 Mar 2023€122.2b€53.6b€14.5b8.8x8.4x2.3x
Thu, 02 Feb 2023€117.4b€51.7b€13.2b9.2x8.9x2.3x
Sat, 31 Dec 2022€95.9b€47.9b€9.3b7.7x10.4x2x
Price to Earnings Ratio

10.4x


Total Market Cap: €95.9bTotal Earnings: €9.3bTotal Revenue: €47.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Banks Industry Price to Earnings3Y Average 7.6x202320242025
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 11.3x which is higher than its 3-year average PE of 7.6x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market0.95%
Financials2.51%
Banks2.11%
Diversified Banks2.11%
Regional Banks0%0
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings growth of 4.1%, which is higher than its past year's earnings growth of 3.1% 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 7.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.1% over the next 5 years.
  • This is better than its past earnings growth rate of 3.1% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.1% 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
ISP Intesa Sanpaolo€5.871.5%
+€1.5b		53.7%PB1.5x
BMPS Banca Monte dei Paschi di Siena€8.885.1%
+€1.3b		35.3%PB1x
BPE BPER Banca€11.485.2%
+€1.1b		91.5%PB1.4x
UCG UniCredit€69.940.6%
+€685.4m		85.5%PB1.6x
BAMI Banco BPM€12.852.7%
+€503.6m		67.2%PB1.2x

Latest News

ISP
€5.87
Intesa Sanpaolo
7D
1.5%
1Y
53.7%
BMPS
€8.88
Banca Monte dei Paschi di Siena
7D
5.1%
1Y
35.3%

BMPS: Index Inclusions Are Expected To Drive Stronger Future Share Performance

Analysts have raised their price target on Banca Monte dei Paschi di Siena from €10.50 to €11.00, citing sharply stronger projected revenue growth, slightly higher profit margins, a lower discount rate, and a materially cheaper expected future P/E multiple. What's in the News Banca Monte dei Paschi di Siena has been added to the S&P EUROPE 350, expanding its visibility among major European equities (Key Developments).
BPE
€11.48
BPER Banca
7D
5.2%
1Y
91.5%

BPE: Higher Fair Value And Index Moves Will Shape Balanced Risk Outlook

The analyst fair value estimate for BPER Banca has risen from approximately EUR 7.55 to EUR 11.20, as analysts incorporate stronger expectations for revenue growth, slightly higher profitability, and a sector-leading position reflected in a series of recent price target hikes across the Street. Analyst Commentary Recent Street research on BPER Banca presents a more nuanced picture, with some Bearish analysts tempering enthusiasm despite the higher consensus fair value.
UCG
€69.94
UniCredit
7D
0.6%
1Y
85.5%

UCG: Earnings Guidance And Capital Returns Will Support Further Upside Potential

Analysts have lifted their price target on UniCredit by approximately EUR 4 to EUR 84.30, citing slightly stronger expected revenue growth, improved profit margins and a modestly lower discount rate that together support a higher fair value multiple. Analyst Commentary Bullish analysts continue to see upside in UniCredit's equity story, with recent target price revisions reflecting confidence in the bank's ability to sustain earnings growth and capital returns.
FBK
€22.07
FinecoBank Banca Fineco
7D
3.0%
1Y
33.0%

FBK: Future Performance Will Reflect Premium Positioning And Balanced Earnings Outlook

FinecoBank Banca Fineco's analyst price target has been nudged higher to approximately EUR 23.10 from about EUR 21.40, as analysts highlight slightly faster expected revenue growth, modestly improved profit margins, and a steady premium valuation multiple supporting the upgrade. Analyst Commentary Analyst sentiment on FinecoBank Banca Fineco remains constructive, with the latest move in the price target to about EUR 23.10 signaling confidence in the bank's ability to deliver on earnings growth and maintain a premium valuation versus peers.
BAMI
€12.85
Banco BPM
7D
2.7%
1Y
67.2%

BAMI: Diversified Fee Shift And Cost Controls Will Support Balanced Returns

Analysts have nudged their price target for Banco BPM slightly higher to about EUR 13.19, reflecting a modestly richer future valuation multiple and confidence in the bank's diversified, fee driven growth profile, despite only marginal adjustments to the discount rate and revenue growth assumptions. Analyst Commentary Recent research updates present a mixed but generally constructive view on Banco BPM, with higher price targets reflecting improved earnings power, even as some caution emerges around the stock's recent outperformance and execution risks.
MB
€17.40
Mediobanca Banca di Credito Finanziario
7D
2.1%
1Y
25.8%

MB: Hostile Takeover And Leadership Shift Will Drive Future Upside Potential

Analysts have trimmed their price target on Mediobanca Banca di Credito Finanziario slightly to reflect a marginally lower fair value estimate of €19.53. They also acknowledge modest improvements in expected revenue growth, profit margins, and a slightly more favorable discount rate and future P/E profile.
BPSO
€16.44
Banca Popolare di Sondrio
7D
5.0%
1Y
104.9%