Tag: FY 2023 results

Banca_Monte_dei_Paschi_di_Siena_in_Pisa
February 07, 2024 BY Simon Mugo

Monte Paschi Bank Announced Its First Dividend Payout in 13 Years

Alongside major Italian banks such as Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI), MPS has benefited significantly from the rise in interest rates. Additionally, the bank has gained from positive outcomes in several legal disputes with former executives, alongside ongoing restructuring efforts led by CEO Luigi Lovaglio. Thanks to the favourable court decisions, the bank could…

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February 05, 2024 BY Simon Mugo

Unicredit Reports Upbeat 2023 Profits, Gives Similar Forecast for 2024

The announcement led to a 10% surge in the share price of Italy's second-largest bank, reaching a nine-year peak. It was fueled by its strong earnings performance and a positive outlook in a year when interest rates are anticipated to begin falling. While other major European banks adopted a more reserved stance in their full-year…

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