- FinecoBank’s 2Q revenue surpassed expectations, reaching €331.3 million, a 7.9% increase year-over-year. The estimate was €320.3 million.
- Net income was €173.3 million, up by 7.2% year-over-year, beating the estimate of €162.3 million.
- Net interest income rose to €182.5 million, a 6.9% increase year-over-year, exceeding the estimate of €173.2 million.
- Net commission income was €128.6 million, showing a 6.1% increase year-over-year but slightly below the estimate of €129.5 million.
- The Common Equity Tier 1 ratio was 25.8%, slightly below the estimate of 26.6%.
- Annual Investing Revenue is expected to increase by low double digits year-over-year.
- Banking fees are anticipated to remain stable compared to fiscal year 2023.
- Brokerage revenues are expected to stay strong and higher than pre-Covid levels relative to market conditions.
- The cost/income ratio is comfortably below 30%.
- The cost of risk is expected to range between 5-10 basis points.
- Analyst Recommendations: 12 buys, 3 holds, and 3 sells.
A look at Finecobank Banca Fineco Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Finecobank Banca Fineco shows a promising long-term outlook. With strong ratings in Dividend, Growth, Resilience, and Momentum, the company appears well-positioned to deliver solid performance in the future. These high scores indicate that Finecobank Banca Fineco is performing well across various key factors, suggesting stability and growth potential.
Finecobank Banca Fineco SpA provides a diverse range of banking services, including savings, investments, mortgage loans, financing, insurance, and online banking. Given its impressive ratings in Dividend, Growth, Resilience, and Momentum, the company seems to have a solid foundation for sustained success. Investors looking for a financially sound institution with growth prospects may find Finecobank Banca Fineco an attractive opportunity for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
