Banco BPM S.p.A.

BIT:BAMI Stock Report

Market Cap: €23.6b

Banco BPM Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Giuseppe Castagna

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure9.5yrs
CEO ownershipn/a
Management average tenure8.5yrs
Board average tenure3.4yrs

Recent management updates

No updates

Recent updates

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.
Narrative Update • May 28

BAMI: Fair Outlook Will Balance Rating Downgrades With Profitability And Capital Efficiency

Analysts have trimmed their price expectations for Banco BPM, with the updated fair value moving by about €0.13 to €13.71. This reflects recent price target cuts and a more cautious stance in research from firms that include Morgan Stanley and Goldman Sachs.
Narrative Update • Feb 10

BAMI: Fair Outlook Will Reflect Higher Earnings Assumptions And Cautious Rating Shift

Analysts have increased their fair value estimate for Banco BPM by €0.20 to €13.58, reflecting updated assumptions on revenue growth, discount rate and future P/E that are broadly consistent with recent price target revisions reported in Street research. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting fair value and price targets, which supports the idea that the current valuation can be justified by their updated assumptions on earnings and P/E.
Narrative Update • Jan 26

BAMI: Fair Outlook As Higher Earnings Assumptions Meet Cautious Ratings Shift

Analysts have nudged their price expectations for Banco BPM higher to around €13.38, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E. These revisions are broadly consistent with recent Street targets in the €12.70 to €13.28 range, despite mixed rating changes.
Narrative Update • Jan 09

BAMI: Balanced Outlook As Fee Shift And Cost Controls Meet Tighter Ratings

Analysts have nudged their fair value estimate for Banco BPM slightly higher to €13.21, supported by modest adjustments to earnings assumptions and fresh price targets around €12.70 to €13.28 that reflect more cautious ratings while still clustering near the updated level. Analyst Commentary Recent research on Banco BPM points to a more mixed stance from the Street, with price targets moving closer to the new fair value estimate but ratings turning more cautious.
Narrative Update • Dec 15

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.
Narrative Update • Nov 30

BAMI: Diversified Income And Cost Controls Will Support Balanced Outcomes Ahead

Analysts have slightly increased their average price target for Banco BPM, with the new consensus fair value rising from EUR 13.15 to EUR 13.19. They cite the bank's diversified revenue streams and improved growth outlook as primary drivers for the upward revision.
Narrative Update • Nov 16

BAMI: Diversified Income And Execution Will Drive Balanced Outcomes Ahead

Banco BPM’s analyst price target has risen from approximately €11.53 to €13.15 as analysts cite improved revenue growth forecasts, a lower discount rate, along with increased confidence in the bank’s diversified income streams and cost management efforts. Analyst Commentary Recent analyst reports on Banco BPM offer mixed perspectives, reflecting both optimism in the bank’s execution and ongoing caution around valuation and industry conditions.
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New Narrative • Nov 20

Anima Integration Fuels Growth But Faces Potential Revenue Instability And Management Challenges

The strategic partnership with Anima is poised to drive growth in revenue and commission income by integrating asset management and life insurance products.

CEO Compensation Analysis

How has Giuseppe Castagna's remuneration changed compared to Banco BPM's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€2b

Dec 31 2025n/an/a

€2b

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€2b

Mar 31 2025n/an/a

€2b

Dec 31 2024€4m€1m

€2b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€1b

Mar 31 2024n/an/a

€1b

Dec 31 2023€4m€1m

€1b

Sep 30 2023n/an/a

€1b

Jun 30 2023n/an/a

€955m

Mar 31 2023n/an/a

€790m

Dec 31 2022€4m€1m

€682m

Compensation vs Market: Insufficient data to establish whether Giuseppe's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Giuseppe's compensation has been consistent with company performance over the past year.

CEO

Giuseppe Castagna (67 yo)

9.5yrs
Tenure
€4,325,638
Compensation

Mr. Giuseppe Castagna serves as Chief Executive Officer & Director of Banca Popolare di Milano Società per Azioni. He served as Director of ALETTI & C. Banca di Investimento Mobiliare SpA since 2018 until...

Leadership Team

NamePositionTenureCompensationOwnership
Giuseppe Castagna
CEO & Director9.5yrs€4.33mno data
Edoardo Ginevra
Co-GM & CFO7.5yrs€1.66mno data
Domenico De Angelis
Co-GM & Chief Business Officerno data€1.77mno data
Alberto Gasparri
Head of Investments8.5yrsno datano data
Gianpietro Val
Executive in charge of Corporate Accounting Documentsno datano data0.00021%
€ 49.5k
Arne Riscassi
Investor Relations Managerno datano datano data
Antonia Cosenz
Chief Governance Officerno datano datano data
Maurizio Nigro
Compliance Managerno datano datano data
Matteo Cidda
Head of Communicationno datano datano data
Roberto Speziotto
Head of Human Resourcesno datano datano data
Tom Lucassen
Head of Shareholder Strategyno datano datano data
Luca Manzoni
Chief Corporate & Investment Banking Officerno datano datano data
8.5yrs
Average Tenure
64yo
Average Age

Experienced Management: BAMI's management team is seasoned and experienced (8.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Giuseppe Castagna
CEO & Director9.5yrs€4.33mno data
Alfonso Sonato
Chairman Standing Statutory Auditorless than a year€184.80kno data
Rossella Leidi
Directorless than a yearno datano data
Massimo Tononi
Chairman of the Board6.3yrs€560.00kno data
Giovanna Zanotti
Directorless than a year€35.14kno data
Costanza Torricelli
Directorless than a year€36.67kno data
Manuela Soffientini
Director9.5yrs€140.00kno data
Marina Mantelli
Director6.3yrs€125.00kno data
Eugenio Rossetti
Vice-Chairman6.3yrs€210.00kno data
Luigia Tauro
Director6.3yrs€147.50kno data
Francesco Mele
Directorless than a yearno datano data
Frederic Marie Courtois
Directorless than a yearno datano data
3.4yrs
Average Tenure
64.5yo
Average Age

Experienced Board: BAMI's board of directors are considered experienced (3.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 23:23
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Banco BPM S.p.A. is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Juan Lopez CoboBanco Santander
Paola SabbioneBarclays
Marta BastoniBarclays