0818 GMT - Mediobanca's new targets for 2026 imply earnings per share that are more than 4% higher than current consensus expectations, Jefferies says in a research note after the Italian bank's quarterly results. Revenue is now expected at 4 billion euros, against 3.8 billion euros previously, with over 1.4 billion euros in net profit. The guidance was outlined alongside its results for the fourth quarter of 2024, in which it posted a profit beat thanks to strong fees in its corporate and investment bank and backed its earnings per share growth guidance for 2025. Shares in Mediobanca, which recently rejected a takeover offer from peer Monte dei Paschi, rose 2% at market open. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 03:19 ET (08:19 GMT)
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