1206 GMT - Mediobanca's quarterly results are ahead of expectations, but newsflow around possible deals with Monte dei Paschi and Banca Generali remains the key driver for its shares, Barclays's Paola Sabbione and Dibin Meledath Koruthu say in a research note. The Italian bank's net profit for its fiscal third quarter was 8% ahead of Barclays's forecast and 7% ahead of consensus estimates, thanks to better-than-expected revenue and costs that were in line with forecasts, the analysts say. Mediobanca also confirmed its guidance for fiscal 2025. Shares rise 2.4%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 08:07 ET (12:07 GMT)
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