(Finance) – The accounts push Banca Generali in the analysts’ judgment. After archiving a second quarter of 2022 with over 60 million profits (+ 15% compared to 2021 and higher than market estimates), the Private bank led by CEO Gian Maria Mossa has positive consensus on his title collected this morning.
The positive accounts, the solidity of funding and the confirmation of the targets of the industrial plan to 2024 have in fact pushed the experts of Barclays to confirm the “outperform” rating assigning a target price upwards to 35 euros for the Banca del Leone stock, from the previous 33 euros.
Same line also held by KeplerCheuvreux that this morning has “hold” confirmed on the Banca Generali stock with a target price of 33 euros per share. Driving the promotion of the latter was above all Banca Generali’s ability to generate profits beyond market conditions, as confirmed by the recurring component of profit, which grew by 31% compared to the previous year.