MPS's Profit Surge: A New Era for Italian Banking

Monte dei Paschi di Siena, Italys state-rescued bank, surprises with a 474 million euro third-quarter profit, exceeding expectations and marking a significant turnaround. The acquisition of rival Mediobanca, completed in September, contributes to this success. Despite analyst predictions, revenues remain steady at one billion euros. Looking ahead, MPS plans to reveal a new strategic direction in early 2023, incorporating the Mediobanca acquisition.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.