Banco BPM (BIT:BAMI) Third Quarter 2024 Results
Key Financial Results
- Revenue: €1.37b (up 10% from 3Q 2023).
- Net income: €945.7m (up 197% from 3Q 2023).
- Profit margin: 69% (up from 26% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: €0.63.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Banco BPM Earnings Insights
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Banks industry in Italy.
Performance of the Italian Banks industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Banco BPM (1 shouldn't be ignored!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if Banco BPM might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BIT:BAMI
Banco BPM
Provides banking and financial products and services to individual, business, and corporate customers in Italy.
Undervalued with solid track record and pays a dividend.
