Fineco climbs again boosted by funding data, +9% in four sessions
Jefferies recommends buying the shares, after first-half net funding numbers above the 5 billion mark
by Enrico Miele
1' min read
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(Il Sole 24 Ore Radiocor) The rally ofFinecobank continues in Piazza Affari, which has been moving at the top of the Ftse Mib since the beginning, where it has gained 3%, bringing its "booty" to +9% in four sessions. The stock's run began last Wednesday on the eve of the June net inflows, which stood at EUR 997 million, surpassing the EUR 5 billion mark for the fourth year in a row in the first half of the year. To confirm these results, the analysts of Jefferies upgraded the stock to "Buy" (from the previous "Hold"), summarising their opinion with the phrase "Carpe Diem". According to the experts, in fact, Fineco has underperformed compared to others since the bullish cycle began, while now "we expect that a more favourable macro environment will bring the focus back to its strengths, such as growth outpacing that of its competitors, fuelled by a competitive fee structure, an agile platform and a broad product offering".
Summing up, Jefferies is 12 per cent above the market consensus on earnings per share for 2026 'due to higher brokerage revenues and higher NII', which suggests the possibility of upward revisions to earnings per share. Therefore, analysts upgrade to 'Buy' with a new target price of EUR 16.3 (from EUR 12.6).
