Banca Generali Reports Second Quarter 2024 Earnings

Banca Generali (BIT:BGN) Second Quarter 2024 Results

Key Financial Results

• Revenue: €237.0m (up 16% from 2Q 2023).
• Net income: €117.6m (up 28% from 2Q 2023).
• Profit margin: 50% (up from 45% in 2Q 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 Generali Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Capital Markets industry in Italy.

Performance of the Italian Capital Markets industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Banca Generali (1 shouldn't be ignored!) that you need to be mindful of.

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