Piazza Affari is up, banks are doing well

Positive session for the Milanese financial center, driven by purchases on a banking sector that has returned to the center of the scene awaiting news on the consolidation process. On the Ftse Mib, which closed at 24,878.23 points (+ 1.03%), the performances of Banco Bpm (+ 4.46%), Bper Banca (+ 3.52%), Intesa Sanpaolo (+ 2.41%) and UniCredit (+ 1.55%). According to the estimates of the major investment banks, the institute led by Andrea Orcel should have closed the first three months of 2022 with a net profit of 455 million, against +883 million a year ago. A slight decrease is expected for the intermediation margin, which should go from 4.69 to 4.44 billion. A day of purchases also for Pirelli and for Stmicroelectronics, which rose by 3.28 and 3.24 per cent respectively (the results of Asml pushed the latter). Plus 1.71% for Leonardo, driven by the promotion of Morgan Stanley to “overweight” with a target price set at € 11.8. An increase of about half a percentage point for Stellantis (+ 0.54%) which in March saw the market share in the EU countries, EFTA (Iceland, Liechtenstein, Norway and Switzerland) and Great Britain dropped from 21 to 18.1%. Among the public utility companies, money on Hera (+ 3.21%) and A2A ( + 1.54%) while Enel closed with a -0.26% and Terna left 0.64% on the field. On the complete, he took profits from Autogrill (-4.78%), which rose yesterday by more than 12 percentage points thanks to rumors about an extraordinary operation with the Swiss Dufry. (in collaboration with Money.it)