(Finance) – Positive session for Banco BPMwhich benefits from speculations on the role of JPMorgan in its capital and potential links with the choices of Credit Agricole. The US investment bank has acquired a participation in Banco BPM equal to 5.15% of the share capital through derivative financial instruments, according to the results of the communication of the relevant shares of Consob.
An article in the Republic recalled that JPMorgan is the advisor of Credit Agricole, the French bank which on 8 April acquired, through the intermediation of the Americans, a 9.18% stake in Banco BPM. “Perhaps Consob should ask the famous American bank if there is any connection with the game your client is playing on the Italian Institute “, reads the article.
In the flat calm of Augustan exchanges, where operational ideas are lacking, this is what it is enough to send in the rally the Banco BPM stock. At mid-session it stands at € 2.663 per share, with an increase of 2.42%. Operationally, expectations are for a continuation of the day in a positive sense with resistance seen in the 2.697 area and later at 2.777. Support at 2.617.