Monte dei Paschi rises after wide Q3 beat, ahead of Mediobanca integration

Equita SpA

07/11/2025 09:05

** Shares in Italy's Monte dei Paschi (MPS) rises 4.3%, as the lender posted Q3 results well above analysts expectations in the early stages of its acquisition of rival Mediobanca MDBI.MI

** MPS' Q3 net profit came in at 474 million euros ($553 million), against a company-provided consensus of 366 million euros

** Both Equita and Akros attribute the surprise beat to higher revenues, lower operating and risk costs and a positive tax effect

** MPS also confirmed its dividend payout target of 100% and expects to present a new industrial plan including Mediobanca Q1 2026, as it will begin to incorporate its results starting Oct 1st

** Shares rise as much as 5% and including Friday's rise the stock has gained 13.8% YTD

** Mediobanca's shares are also up 2.7%, paring gains after rising 4.1%

 (Reporting by Enrico Sciacovelli)

 ((enrico.sciacovelli@thomsonreuters.com))