Published by Global Banking & Finance Review®
Posted on February 10, 2025
2 min readLast updated: January 26, 2026
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Mediobanca surpasses profit expectations and raises its financial outlook for 2026, aiming to fend off a bid from Banca Monte dei Paschi.
MILAN (Reuters) - Italy's Mediobanca on Monday beat expectations with its quarterly earnings and improved its outlook for its next financial year as it seeks to fend off an unsolicited bid from smaller rival Banca Monte dei Paschi.
The bank's net profit for the first half of its fiscal year, which runs from July to June, rose 7.9% year-on-year to 660 million euros ($681 million), above an analyst consensus of 635 million euros. Mediobanca guided for a net profit of more than 1.4 billion euros in 2026 and revenues of around 4 billion euros, up from 3.8 billion previously. It said it would return to shareholders more than 4 billion euros in the three financial years through 2026, up from the previous target of 3.7 billion euros.
It confirmed its targets for the current year by forecasting a "low double-digit growth" in fees, a "resilient" net interest income and earnings per share (EPS) growth of 6-8%.
In the first half of the year, Mediobanca's revenues were 1.85 billion euros, up 6.8%, driven by double-digit fee growth and a "solid" net interest income.
Analysts, in a consensus provided by the bank, forecast revenues of 1.77 billion euros.
($1 = 0.9697 euros)
(Reporting by Gianluca Semeraro, editing by Valentina Za and Keith Weir)
The article discusses Mediobanca's improved profit outlook and its strategy to fend off a bid from Banca Monte dei Paschi.
Mediobanca's net profit increased by 7.9% year-on-year.
Mediobanca aims for over 1.4 billion euros in profit and around 4 billion euros in revenues by 2026.
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