Banca Mediolanum trims 2024 NII target on easing interest rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Source: Reuters
Profit Increase and NII Guidance: Banca Mediolanum reported an 18% increase in nine-month net profit to 674.3 million euros but reduced its 2024 net interest income growth forecast from 10% to 8% due to easing interest rates.
Managed Assets and Dividend Announcement: The bank anticipates net inflows into managed assets to reach approximately 7.5 billion euros, exceeding previous estimates, and announced an interim dividend of 0.37 euros per share, highlighting ongoing value creation for shareholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
