Mediobanca Banca di Credito Finanziario S.p.A. (MB) Plunged -0.58% on Dec 20

December 20, 2017 - By Richard Conner

Shares of Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) last traded at 9.39, representing a move of -0.58%, or -0.05 per share, on volume of 699,059 shares. After opening the trading day at 9.46, shares of Mediobanca Banca di Credito Finanziario S.p.A. traded in a close range. Mediobanca Banca di Credito Finanziario S.p.A. currently has a total float of 865.48 million shares and on average sees 4.24 million shares exchange hands each day. The stock now has a 52-week low of 7.26 and high of 9.95.

FTSE MIB: A Growing European Index

Italy is known worldwide not just for being a country with a rich culture and heritage but most importantly, for being a nation with a competent trade and commerce conduct. It lures Mediobanca Banca di Credito Finanziario S.p.A. to its market. That being said, it is surely one of the biggest assets of the European economy.

Having been tested through the toughest of times, there is so much to learn from the economy of Italy. Through the years, Italy and its equity market in particular, has helped shape Europe as a successfully thriving region.

The Italian Equity Market

The Italian equity market dates back as early as the 1800s. The Borsa Italiana or Piazza Affari, the main Italian stock exchange, had been founded as one of the earliest European stock exchanges in February 1808 by Viceroy of the Napoleonic Kingdom of Italy Eugène de Beauharnais.

The Borsa Italiana boasts as one of the few stock exchanges with the longest trading hours. The pre-market session begins at 8:00 a.m. and ends at 9:00 a.m. The regular session immediately follows at 9:00 a.m. and ends at 5:30 p.m. There is also a post market session that begins at 6:00 p.m. and ends at 8:30 p.m. These long trading hours provide flexible opportunities for international investors to buy and sell stocks on and from the Borsa Italiana. This is one of the reasons that Italy has one of the most successful trade and commerce environments in the world. Many investors are looking for reliable companies like Mediobanca Banca di Credito Finanziario S.p.A. there.

The FTSE Milano Italia Borsa (MIB) is the free-float market-capitalization-weighted index that monitors the 40 most actively traded stocks on the Borsa Italiana. Until June 2009 when the FTSE had started operating the FTSE MIB, the S&P had operated it as the S&P/MIB.

Roughly 80% of the overall market valuation on the Borsa Italiana is included in the FTSE MIB, making it a significant economic indicator not just in Italy but in the entire European region. The FTSE MIB is rebalanced four times a year in order to maintain clear representation of the national economy. Mediobanca Banca di Credito Finanziario S.p.A. stocks are carefully checked by professionals.

Milestones through the Years

The Borsa Italiana had always been operated as a public entity until it was privatized in 1998. The London Stock Exchange Group had then bought it in an all-stock transaction in 2007, consolidating the Borsa Italiana and the London Stock Exchange.

Hundreds of years after its foundation, the Borsa Italiana now has an overall market valuation of about $650 billion with over 340 stocks listed on it.

Meanwhile, the FTSE MIB had posted its all-time high of 50,108.56 points in March 2000; and its all-time low of 12,362.50 points in July 2012. The meltdown in 2012 is widely attributed to the financial crisis in Spain, which had affected other European nations; and to the heightened borrowing costs in Europe.

Investing on Borsa Italiana stocks is ideal today not just for domestic investors but also for international investors. Evidently, many investors are flocking the Italian equity market to take advantage of a compelling borrowing environment.

More notable recent Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) news were published by: Reuters.com which released: “Mediobanca CEO hopes for accord on Vivendi-Mediaset dispute” on October 28, 2017, also Ft.com with their article: “Mediobanca takes control of London-based Cairn Capital” published on August 04, 2015, Ft.com published: “Italy’s Mediobanca launches private bank in asset management push” on December 01, 2017. More interesting news about Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) were released by: Ft.com and their article: “Mediobanca to sell down Generali stake in wealth management drive” published on November 17, 2016 as well as Reuters.com‘s news article titled: “Mediobanca Q1 net profit up on stake sale, lower loan losses” with publication date: October 27, 2017.

Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking services and products in Italy and internationally. The company has market cap of 8.13 billion EUR. It operates through five divisions: Corporate & Investment Banking, Consumer Banking, Wealth Management, Principal Investing, and Holding Functions. It has a 10.41 P/E ratio. The Corporate & Investment Banking segment offers wholesale banking services, including lending, advisory, capital market, and proprietary trading services; and specialty finance services, such as factoring and credit management, as well as non-performing loans to corporate clients.

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