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Italian (Borsa Italiana) Banks Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.8%
  • 3M18.5%
  • 1Y29.3%
  • YTD14.3%

The Banks industry has been flat over the last week, but UniCredit has lost 4.1%. The past year has been better, since the industry has gained 35% in that time. Looking forward, earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026€362.9b€73.5b€29.3b12.1x12.4x4.9x
Sat, 27 Jun 2026€344.7b€74.1b€29.7b11.3x11.6x4.7x
Mon, 25 May 2026€312.6b€73.9b€29.7b9.8x10.5x4.2x
Wed, 22 Apr 2026€307.1b€71.8b€29.1b10.2x10.6x4.3x
Fri, 20 Mar 2026€277.6b€75.2b€29.9b9.2x9.3x3.7x
Sun, 15 Feb 2026€311.6b€75.6b€30.2b9.8x10.3x4.1x
Tue, 13 Jan 2026€328.9b€73.9b€28.3b11.4x11.6x4.4x
Thu, 11 Dec 2025€305.2b€73.9b€28.3b10.4x10.8x4.1x
Sat, 08 Nov 2025€297.8b€73.9b€28.3b10x10.5x4x
Mon, 06 Oct 2025€296.1b€74.1b€28.6b9.6x10.4x4x
Wed, 03 Sep 2025€277.7b€74.0b€28.6b8.4x9.7x3.8x
Fri, 01 Aug 2025€271.5b€73.5b€28.3b8.8x9.6x3.7x
Sun, 29 Jun 2025€247.5b€72.8b€27.5b7.7x9x3.4x
Tue, 27 May 2025€247.1b€72.7b€27.6b8.7x9x3.4x
Thu, 24 Apr 2025€224.5b€72.3b€26.7b8.2x8.4x3.1x
Sat, 22 Mar 2025€241.3b€72.6b€26.7b8.7x9x3.3x
Mon, 17 Feb 2025€215.3b€72.8b€27.0b7.5x8x3x
Wed, 15 Jan 2025€197.1b€70.8b€28.6b6.2x6.9x2.8x
Fri, 13 Dec 2024€189.1b€70.8b€28.6b6.4x6.6x2.7x
Sun, 10 Nov 2024€184.0b€71.3b€28.6b5.9x6.4x2.6x
Tue, 08 Oct 2024€180.5b€69.9b€27.1b6x6.7x2.6x
Thu, 05 Sep 2024€175.3b€70.0b€27.1b6x6.5x2.5x
Sat, 03 Aug 2024€164.7b€69.9b€26.8b5.7x6.2x2.4x
Mon, 01 Jul 2024€166.3b€68.8b€26.1b5.9x6.4x2.4x
Wed, 29 May 2024€178.6b€68.7b€26.1b6.3x6.8x2.6x
Fri, 26 Apr 2024€170.7b€66.9b€24.8b6.9x6.9x2.6x
Sun, 24 Mar 2024€165.6b€67.6b€24.8b6.3x6.7x2.5x
Tue, 20 Feb 2024€143.5b€67.6b€24.9b5.8x5.8x2.1x
Thu, 18 Jan 2024€135.0b€65.6b€22.1b6x6.1x2.1x
Sat, 16 Dec 2023€128.5b€65.6b€22.1b5.4x5.8x2x
Mon, 13 Nov 2023€127.7b€65.3b€22.0b5.6x5.8x2x
Wed, 11 Oct 2023€121.9b€61.4b€19.0b6.5x6.4x2x
Fri, 08 Sep 2023€116.4b€61.6b€19.0b5.6x6.1x1.9x
Sun, 06 Aug 2023€122.7b€61.3b€18.9b6.6x6.5x2x
Price to Earnings Ratio

6.5x


Total Market Cap: €122.7bTotal Earnings: €18.9bTotal Revenue: €61.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Italian Banks Industry Price to Earnings3Y Average 8.2x202420252026
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 12.5x which is higher than its 3-year average PE of 8.2x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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-1.33%
Financials-1.53%
Banks-1.80%
Regional Banks0%0
Diversified Banks-1.80%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.2x.
    • Analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings growth of 1.7% 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 8.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • This is better than its past earnings growth rate of 1.7% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.4% 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€15.382.0%
+€39.4m		103.2%PB1.3x
BST Banca Sistema€1.551.4%
+€1.8m		-19.8%PB0.4x

Latest News

BST
€1.55
Banca Sistema
7D
1.4%
1Y
-19.8%
UCG
€79.77
UniCredit
7D
-4.1%
1Y
24.3%
Analysis Article • Jul 27

Earnings Miss: UniCredit S.p.A. Missed EPS By 13% And Analysts Are Revising Their Forecasts

Last week saw the newest half-yearly earnings release from UniCredit S.p.A. ( BIT:UCG ), an important milestone in the...
BAMI
€15.35
Banco BPM
7D
-1.5%
1Y
40.1%
Narrative Update • Jul 24

BAMI: Fair Outlook Will Weigh Crédit Agricole Influence Against Earnings Resilience

Analysts have raised the fair value estimate for Banco BPM from €14.12 to €14.44, citing higher price targets, including a recent move to €16.20, which reflect updated views on the bank's earnings power and valuation multiples. What’s in the News for Banco BPM Crédit Agricole S.A. has notified the Italian government of plans to raise its holding in Banco BPM to 29.9% from 22.9% using derivative contracts, according to Reuters.
MB
€27.55
Mediobanca Banca di Credito Finanziario
7D
-0.3%
1Y
42.0%
Narrative Update • Jul 24

MB: Recent Upgrade And Fair Value Revisions Will Guide Future Outlook

Analysts have nudged their fair value estimate for Mediobanca Banca di Credito Finanziario higher from €24.42 to €25.33, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E, and noting that this aligns with a recent upgrade to Buy and a €29.40 price target. What's in the News for Mediobanca Banca di Credito Finanziario No recent news items, periodical coverage, or key developments were provided for Mediobanca Banca di Credito Finanziario in the available sources.
BMPS
€11.48
Banca Monte dei Paschi di Siena
7D
-1.1%
1Y
52.5%
ISP
€6.45
Intesa Sanpaolo
7D
0.05%
1Y
18.9%
Narrative Update • Jul 16

ISP: Cloud Overhaul And 2026 Earnings Framework Will Shape Future Upside

Analysts have nudged their price target for Intesa Sanpaolo higher, with a move from about €6.75 to roughly €6.89, supported by updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E, alongside recent Street research including a price target increase to €7.10. Analyst Commentary Recent Street research on Intesa Sanpaolo points to a mix of optimism around valuation and execution, alongside some caution on how the bank will deliver against expectations embedded in updated price targets.
CE
€18.64
Credito Emiliano
7D
-1.8%
1Y
39.9%
BPE
€13.65
BPER Banca
7D
-1.2%
1Y
57.4%
Narrative Update • Jul 16

BPE: Higher Capital Distribution Expectations Will Shape Future Upside Potential

The analyst fair value estimate for BPER Banca has moved from €15.00 to €16.00, reflecting updated assumptions on profit margins and future P/E. This comes as several firms have recently shifted to more neutral ratings, citing valuation after the stock's strong run and expectations already priced in around capital distribution.
FBK
€23.35
FinecoBank Banca Fineco
7D
-2.1%
1Y
22.4%
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.
BDB
€15.38
Banco di Desio e della Brianza
7D
2.0%
1Y
103.2%