Monte dei Paschi posts stronger than expected Q3 profits
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3 Articles
Monte dei Paschi posts stronger than expected Q3 profits
Italian bank Monte dei Paschi di Siena has today reported a larger than expected 31% yearly rise in profit for the third quarter of the year, as income from its lending business performed strongly in the period.
Monte dei Paschi di Siena Posts Quarterly Beat on Fees Growth
The Italian lender reported third-quarter net profit and revenue growth ahead of expectations, led by higher income from fees and commissions. Article Attribution | Read More at Article Source The post Monte dei Paschi di Siena Posts Quarterly Beat on Fees Growth appeared first on RocketNews.
The Italian bank Monte dei Paschi di Siena (MPS) saw its net profit jump by 68.6% to 1.56 billion euros in the first nine months of the year. The institution took advantage of the rebound in commission income and income from interest transactions.
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