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Italy’s Mediobanca beats estimates in Q4 despite market headwinds

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Reuters UK

MILAN (Reuters) – Italian financial services group Mediobanca beat estimates with its quarterly results despite an adverse macroeconomic scenario and market turmoil, it said on Friday. Mediobanca, which offers consumer finance, corporate and investment banking services as well as wealth management, posted a net profit of 191 million euros ($194.92 million) in the fourth quarter of its fiscal year, above an analyst consensus provided by the bank of 175 million euros. The figure is in line with the previous quarter, but slightly down on a yearly basis, reflecting the seasonal nature of some cost…

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