Banca Mediolanum (ME1.SG)
Stuttgart - Stuttgart Delayed price. Currency in EUR
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At close: 04:15PM CEST
| Previous close | 9.75 |
| Open | 9.66 |
| Bid | 9.74 x 500000 |
| Ask | 10.36 x 500000 |
| Day's range | 9.66 - 9.85 |
| 52-week range | 7.29 - 10.39 |
| Volume | |
| Avg. volume | 9 |
| Market cap | 7.27B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 20.68 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Banca Mediolanum sees full-year net profit well above 2022
MILAN (Reuters) -Italy's Banca Mediolanum expects to exceed its 2023 target on net interest income (NII) after more than doubling the figure in the first quarter and sees net profit "well above" last year's levels, its chief executive said on Wednesday. Helped by rising interest rates and the weight of the floating rate component in its credit book and treasury holdings, NII rose 119% year-on-year to 157.7 million euros in the first quarter. On NII, "we expect something more [than the 2023 target] given trends in interest rates", CEO Massimo Doris told a post-results press briefing, adding that part of the additional revenue would be reinvested in commercial initiatives to acquire more customers.
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