MILAN (Reuters) - Shares in Italian banks Banco BPM (MI:BAMI) and Intesa Sanpaolo (MI:ISP) both fell around 1.5 percent in early trade on Monday after the results of last week's Europe-wide stress tests of the sector.
Banco BPM, Italy's third-largest bank, fared poorly in the health-check. Intesa performed strongly, and it was unclear why investors sold off the stock, which was ranked Italy's strongest bank under the stress test.
UniCredit (MI:CRDI), another good performer in the exercise, also saw its shares drop, down 0.8 percent. UBI Banca (MI:UBI), the only other Italian bank stress-tested by the European Banking Authority, lost 1.4 percent.