Morgan Stanley analyst Noemi Peruch has maintained their neutral stance on 0RK6 stock, giving a Hold rating on February 3.
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Noemi Peruch has given his Hold rating due to a combination of factors related to recent results and the bank’s strategic outlook. BMPS’s standalone fourth-quarter performance showed slightly weaker core profitability than expected, with small shortfalls in net interest income and fees that more than offset marginally better cost control and a lower-than-anticipated cost of risk.
At the same time, the balance sheet remains solid, with a CET1 ratio broadly matching market expectations and limited integration charges so far, while the announced plan for full integration with Mediobanca offers potential industrial synergies and revenue opportunities. However, Mediobanca’s own weaker quarter, marked by softer fees, higher costs and talent outflows, underlines execution risks, leading Peruch to see a more balanced risk/reward profile that justifies maintaining a neutral stance on the shares for now.
According to TipRanks, Peruch is ranked #8497 out of 12061 analysts.
In another report released on February 3, TipRanks – OpenAI also downgraded the stock to a Hold with a €10.00 price target.