|Bid||8.46 x 1821000|
|Ask||8.65 x 224400|
|Day's range||8.40 - 8.52|
|52-week range||7.45 - 10.69|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
MILAN (Reuters) -Italy's Mediobanca beat quarterly revenue and profit expectations, pointing to a bigger than expected increase in fee income as a diversified business model helped it ride out economic and market turmoil. Chief Executive Alberto Nagel told a press briefing on Friday that the bank continues to look for acquisition opportunities, favouring bolt-on deals with "limited execution risk", such as those in the "buy now, pay later" sector. Nagel has previously considered buying Generali's private banking unit Banca Generali and merging with Banca Mediolanum, although no deals materialised.
Antonio Horta-Osorio, the former chairman of Credit Suisse, will take on a role as a senior adviser at Italy's Mediobanca from August, the Italian financial services group said on Friday. Horta-Osorio left Credit Suisse in January after only nine months following an internal probe into his personal conduct, including breaches of COVID-19 rules. His role at Mediobanca will be to support the implementation of its strategy, working with the co-heads of Corporate & Investment Banking, Francisco Bachiller and Giuseppe Baldelli, on expanding client relationships and deal activity across Europe, the bank said in a statement.
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