Banco BPM S.p.A. (IT:BAMI) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Banco BPM S.p.A. has reported a robust financial performance for the first nine months of 2024, with an adjusted net profit of €1,245 million, marking a 25.1% increase year-over-year. The bank has also announced an interim dividend of €600 million, contributing to a total distribution to shareholders of €1.45 billion for the year. Notably, Banco BPM has achieved significant capital strength with a CET 1 ratio of 15.5%, indicating enhanced financial stability.
For further insights into IT:BAMI stock, check out TipRanks’ Stock Analysis page.