The 3 best shares of the banking sector of the Ftse Mib according to the PE – depositidiborsa.it
After years of difficulty, the Italian banking sector has broken down in a big way. Suffice it to say that in the last six months, against a Ftse Mib index which has gained just over 20%, the sectoral index of banks has gained around 45%. What are the top 3 shares in the Ftse Mib banking sector according to the price-to-earnings ratio?
Banca MPS is the best banking stock according to the PE – projectionsdiborsa.it
The banking sector to the rescue
It is known that the banking sector has a very important weight on the Ftse Mib. Institutes such as Intesa Sanpaolo, Unicredit, Poste Italiane and Finecobank are placed within the top 15 positions by capitalization of Piazza Affari.
Year to datethen, this sectortogether with that of utilities, is dominating with a performance of about 9%. For the next few months, therefore, there could be all the conditions for a continuation of the rise.
But what could be a criterion for choosing the best titles?
What are the top 3 shares in the Ftse Mib banking sector according to the price-to-earnings ratio?
An often used criterion by insiders to select the best stocks is the one based on the ratio of price to earnings (PE). A high price-to-earnings ratio indicates that investors expect a low level of future earnings and that growth will be low. A low P/E ratio could mean that the company is undervalued or that current earnings are higher than in the past.
This indicator is interesting as it allows an immediate direct comparison between shares belonging to the same sector.
At present the top 3 shares in the banking sector according to the price-to-earnings ratio are: Banca MPS, BPER Banca and Banca IFIS. Below are the indications of the graphic analysis for the short term.
MPS Bank
Averages still crossed upwards, but the reversal could be close
The phase of uncertainty regarding the Banca MPS share continues which could be very close to a bearish reversal. In the next few sessions, monitor the 1.97 euro area very carefully.
BPER Bank
Averages firmly crossed upwards on the BPER Banca share – projectionsdiborsa.it
The strength of BPER Banca is impressive. On the other hand since the beginning of the year it is the second best stock in the banking sector, after Unicreditwith a performance of over 8%.
The averages are firmly crossed to the upside and we currently see no problems on the horizon.
Banca IFIS
Averages firmly crossed upwards on the Banca IFIS share – projectionsdiborsa.it
Major upside in progress for Banca IFIS which has not seen such a lasting trend since November 2022.
The averages are firmly crossed to the upside and we currently see no problems on the horizon.
