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ROMA – The government’s “fix” which on Tuesday modified the tax on banks’ extra margins twice due to ECB rate hikes, revive the stock market.
The sector, after losing 8.7 billion two days ago, yesterday regained 4.1: +2.33% Intesa Sanpaolo, +4.37% Unicredit, +5.45% Banco Bpm, +2.47% Mps, +2.21% Bper, +7.12% Fineco. Investors only repriced the shares based on the weight on 2023 earnings of the adjusted tax.
Interview with fund manager Serra: