Piazza Affari rewards Mps and Mediobanca after the accounts

 (Il Sole 24 Ore Radiocor) - Quarterly accounts and indications on guidance for the coming months push up the Banca Monte Paschi Siena at Piazza Affari, where Rocca Salimbeni's shares gained ground against a generally declining banking sector (-1% on the Ftse Italia Banks sub-index). Purchases also on the subsidiary Mediobanca , which published its quarterly numbers yesterday with the market closed.

Mps closed the January-March period with a consolidated net profit of EUR 521 million. Net operating income grew to €947m (+3.4%), with revenues at €1.96bn (+2.9%). In the conference call, CEO Luigi Lovaglio stressed that "the uncertainty" linked to the governance clash "is now behind us" and that Monte dei Paschi is focused on the integration of Mediobanca, which is "central" and is supported by "a clear operating model". The banker then estimated a pre-tax profit for 2026 'above' 3.5 billion. The quarter's results, Equita's analysts explained, were 'slightly better than expected' mainly thanks to Mediobanca, which for its part 'reported better than expected results thanks to higher trading revenues and lower operating costs'.

Piazzetta Cuccia reported consolidated net income of €322.7 million for the quarter, down slightly from the same period last year (-3%) due to higher taxation and non-recurring items. Revenues amounted to EUR 939 million, with growth in net interest income and commissions.