Stock Analysis
Banca Monte dei Paschi di Siena Reports First Quarter 2024 Earnings
Banca Monte dei Paschi di Siena (BIT:BMPS) First Quarter 2024 Results
Key Financial Results
- Revenue: €900.0m (up 17% from 1Q 2023).
- Net income: €333.0m (up 41% from 1Q 2023).
- Profit margin: 37% (up from 31% in 1Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Banca Monte dei Paschi di Siena Earnings Insights
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Banks industry in Italy.
Performance of the Italian Banks industry.
The company's shares are up 2.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Banca Monte dei Paschi di Siena (1 is a bit unpleasant!) that you should be aware of.
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About BIT:BMPS
Banca Monte dei Paschi di Siena
Provides retail and commercial banking services in Italy.
Undervalued with solid track record.