Geopolitics Alpha

Banco BPM board to begin assessing Credit Agricole merger proposal on November 12

Published . Updated .

Key takeaways

  • Exposed: XLF, KRE, JPM, BAC, WFC
  • Market reaction: KRE +1.7% on the day; XLF +1.4% on the day; BAC +2.9% on the day

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GEOPOLITICS ALPHABanco BPM board to begin assessingCredit Agricole merger proposal onNovember 12CRARFGEOPOLITICS ALPHA

This report is about banks.

Directly affected

  • CRARF Credit Agricole S A

    Named in this report.

Indirectly affected

  • XLF Financial Select Sector SPDR+0.5% 30d

    Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story.

  • KRE SPDR S&P Regional Banking ETF-0.8% 30d

    SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • WFC Wells Fargo+4.4% 30d

    Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • C Citigroup-5.6% 30d

    Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRARFNo price data for this ticker———————
XLF+0.66%+3.52%base+1.43%after closeafter closeafter close
KRE+2.10%+2.66%base+1.68%after closeafter closeafter close
JPM+1.86%+5.31%base+2.46%after closeafter closeafter close
BAC+0.30%+4.48%base+2.87%after closeafter closeafter close
WFC+2.33%+4.16%base+1.85%after closeafter closeafter close
C+3.38%+4.76%base+2.43%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Banco BPM board to begin assessing Credit Agricole merger proposal on November 12 Reuters

Source: Reuters

The price since 9 Nov 2026: Select Sector Spdr Tr (XLF) versus the S&P 500

CompanyWhenMoveStatus
Bank Of America (BAC)that day+2.87%final price
Bank Of America (BAC)three days earlier+4.48%final price
Bank Of America (BAC)five days earlier+0.30%final price
Citigroup (C)that day+2.43%final price
Citigroup (C)three days earlier+4.76%final price
Citigroup (C)five days earlier+3.38%final price
Jpmorgan Chase (JPM)that day+2.46%final price
Jpmorgan Chase (JPM)three days earlier+5.31%final price
Jpmorgan Chase (JPM)five days earlier+1.86%final price
Spdr Series Trust (KRE)that day+1.68%final price
Spdr Series Trust (KRE)three days earlier+2.66%final price
Spdr Series Trust (KRE)five days earlier+2.10%final price
Wells Fargo (WFC)that day+1.85%final price
Wells Fargo (WFC)three days earlier+4.16%final price
Wells Fargo (WFC)five days earlier+2.33%final price
Select Sector Spdr Tr (XLF)that day+1.43%final price
Select Sector Spdr Tr (XLF)three days earlier+3.52%final price
Select Sector Spdr Tr (XLF)five days earlier+0.66%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Select Sector Spdr Tr (XLF)

Companies mentioned with this story

  • XLF Select Sector Spdr Tr

    In “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story

  • KRE Spdr Series Trust

    In “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story

  • JPM Jpmorgan Chase

    For “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

  • BAC Bank Of America

    Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12.” Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

  • WFC Wells Fargo

    Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

  • C Citigroup

    For “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12,” Citigroup (C) is linked, with no stored direction, medium confidence. Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

Select Sector Spdr Tr (XLF)

Select Sector Spdr Tr (XLF) is the company in “Banco BPM board to begin assessing Credit Agricole merger proposal on November 12,” the 9 Nov 2026 this story story.

For Select Sector Spdr Tr (XLF), the reason on file says Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story

Spdr Series Trust (KRE) is here too. Its reason reads: SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story

The price range for Select Sector Spdr Tr (XLF), and the dates in the story

JPM traded between 325.12 and 345.73 across 20 sessions. The latest close on file is 338.00. KRE traded between 67.80 and 71.49 across 18 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.02 across 16 sessions. The latest close on file is 55.07.

A simple score for Select Sector Spdr Tr (XLF)

46 out of 100

“Banco BPM board to begin assessing Credit Agricole merger proposal on November 12” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.