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Fineco shares rise after Q3 results above consensus

By Reuters News

** Shares in Italy's Fineco FBK.MI rise about 3% after it reported Q3 results ahead of expectations

** The digital bank and broker's net profit stands at €188.1 million ($211.82 million) on revenue of €372.1 million, both ahead of the company-compiled consensus of respectively €179.2 million and €368.5 million

** J.P. Morgan points out a "strong set of numbers that demonstrates clear momentum"

** Jefferies also points to consensus-beating pre-provision profit of €277.2 million, boosted by better costs

** Fineco also updates its 2026 guidance, seeing lower operating cost growth and rising banking fees

** The bank expects further growth in 2027, with a full update on medium-term targets expected in February

** "(The new guidance) should also imply a positive cascading effect on the future cost growth trajectory," Jefferies adds

($1 = 0.8880 euros)

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