Previous Close | 0.00 |
Open | 16.58 |
Bid | 15.75 x 45900 |
Ask | 17.09 x 40000 |
Day's Range | 16.58 - 16.58 |
52 Week Range | 11.60 - 16.58 |
Volume | |
Avg. Volume | 38 |
Market Cap | 13.55B |
Beta (5Y Monthly) | 1.10 |
PE Ratio (TTM) | 9.49 |
EPS (TTM) | 1.68 |
Earnings Date | Oct 24, 2024 - Oct 28, 2024 |
Forward Dividend & Yield | 2.09 (13.09%) |
Ex-Dividend Date | Nov 18, 2024 |
1y Target Est | N/A |
MILAN (Reuters) -Mediobanca CEO on Thursday highlighted that Italy's banks are already big tax payers when asked about media reports on a possible new domestic tax on banks and insurance groups. "Italian banks are major contributors to tax revenues," Mediobanca CEO Alberto Nagel told a media briefing when asked about the reports. Some Italian newspapers reported on Thursday that the government was discussing new taxes on banks, insurers, energy companies and luxury goods firms.
MILAN (Reuters) -Italy's Mediobanca will launch a share buyback programme worth around 385 million euros ($417 million), it said on Thursday after posting its best-ever yearly revenue and profit. The bank posted a 24% rise in net profit to 1.27 billion euros, broadly in line with a consensus of analyst expectations provided by the company, on revenue up 9% at 3.6 billion, mainly thanks to the contribution of less capital-absorbing businesses such as wealth management. The bank, whose financial year runs from July to June, reported an increase in earnings per share of 27% and reiterated a target for 15% compound annual growth in earnings per share set out in its three-year strategic plan to 2026, though for the current year it sees EPS growth of between 6% and 8%.
The private banking arm of Italian bank Mediobanca said it would start offering its wealthier clients a new, illiquid open-ended alternative fund set up by investment firm KKR. The move comes after Mediobanca in April launched private bank Mediobanca Premier as it strives to grow its wealth management business under a new plan through 2026. Mediobanca said at the time that Italian households held 5.3 billion euros ($5.8 billion) in financial wealth, of which 60% was not being managed.