Report
Johann Scholtz
EUR 100.00 For Business Accounts Only

Mediobanca: A Unique Play on Italian Financial Services

Mediobanca delivered net profit of EUR 176 million for the third quarter of its fiscal year; this was 15% lower than the EUR 206 million it produced in the third quarter of fiscal 2018. Mediobanca has a June year-end. Revenue declined 4% year on year as fee income and the portion of profits Mediobanca books from its 13% stake in Italian insurer Generali came under pressure. The slowdown in revenue is disappointing, given that Mediobanca increased its assets under management, which drives fees, b...
Underlying
Mediobanca S.p.A.

Mediobanca Banca Di Credito Finanzario's core businesses are lending and investment banking. Co. helps its clients by providing them with advisory services in addition to medium-term bank credit. Co. is the parent company of the Mediobanca Banking Group, which has operations in consumer credit, retail banking, leasing, and private banking. Co.'s business divisions are comprised of: Corporate and Investment Banking, which comprises Wholesale Banking and Private Banking; Principal Investing, which brings together all equity investments in associates (IAS28) and available for sale assets; and Retail and Consumer Banking, which comprises consumer credit and retail banking activities.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Johann Scholtz

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