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MILAN, Nov 5 (Reuters) - Shares in Italian banks Banco BPM and Intesa Sanpaolo 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, another good performer in the exercise, also saw its shares drop, down 0.8 percent. UBI Banca, the only other Italian bank stress-tested by the European Banking Authority, lost 1.4 percent. (Reporting by Valentina Za Editing Mark Bendeich/Keith Weir)