Stock Analysis

Banca Generali Reports First Quarter 2024 Earnings

Simply Wall St

May 11, 2024

Banca Generali (BIT:BGN) First Quarter 2024 Results

Key Financial Results

Revenue: €258.1m (up 33% from 1Q 2023).
Net income: €122.0m (up 47% from 1Q 2023).
Profit margin: 47% (up from 43% in 1Q 2023). The increase in margin was driven by higher revenue.

earnings-and-revenue-growth — BIT:BGN Earnings and Revenue Growth May 11th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banca Generali Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Capital Markets industry in Italy.

Performance of the Italian Capital Markets industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Banca Generali (1 makes us a bit uncomfortable!) that we have uncovered.

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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.