Stock Analysis
FinecoBank Banca Fineco (BIT:FBK) First Quarter 2024 Results
Key Financial Results
- Revenue: €289.4m (up 2.0% from 1Q 2023).
- Net income: €147.0m (flat on 1Q 2023).
- Profit margin: 51% (down from 52% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.24.
All figures shown in the chart above are for the trailing 12 month (TTM) period
FinecoBank Banca Fineco Earnings Insights
Looking ahead, revenue is forecast to stay flat 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 1.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for FinecoBank Banca Fineco (1 can't be ignored!) that you need to take into consideration.
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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:FBK
FinecoBank Banca Fineco
Provides banking and investment products and services.
Flawless balance sheet with solid track record.
