Italy's BFF Bank halted at open after guidance cut, CEO exit; seen falling

BFF Bank SpA

02/02/2026 08:21

** Shares of Italy's BFF Bank BFF.MI failed to start trading at market open after the lender revised its 2026 guidance and its CEO Massimiliano Belingheri resigned

** The stock is seen down around 30%

** BFF Bank lowered its 2026 adjusted net income target to around 160 million euros ($190 million) from 240 million euros previously

** "These announcements are a considerable surprise, with the de-risking actions appearing to precipitate the CEO's departure. The new 2026 targets are well below consensus, and longer-term expectations are not mentioned," Jefferies says in a note

($1 = 0.8433 euros)

(Reporting by Romolo Tosiani)

((Romolo.Tosiani@tr.com))