Banca Monte dei Paschi di Siena (BMDPF) Q3 2026 Earnings Call Highlights: Net Profit Jumps
Banca Monte dei Paschi di Siena (BMDPF) reported a 15% net profit increase in Q3 2026, but faces challenges like rising deposit costs, potential tax hikes, and a declining CET1 ratio. CEO Luigi Lovaglio expects net interest income to grow in Q4 and 2027, supported by loan volume growth. The bank also disclosed hidden losses on its bond portfolios and faces uncertainty due to Intesa Sanpaolo's takeover offer.
