BIT:BMPSBanks
Should You Reassess Banca Monte After $18B Mediobanca Bid Sparks Share Surge?
If you've been watching Banca Monte dei Paschi di Siena lately, you're not alone. With returns of 24.7% year-to-date and an astonishing 87.0% over the past year, investors are naturally asking themselves whether this stock has more room to run, or if the party is about to end. Recent momentum, like the 14.1% jump in just the last week, did not come out of nowhere. News of a possible $18B bid for Mediobanca and fresh progress in their takeover ambitions, such as a 13% share tender from...