Dividend IncreaseManagement plans to propose a dividend increase at the next shareholders’ meeting and we raise our 2025E DPS estimate to EUR 0.39, implying a still attractive ~7% yield.
Earnings PerformanceEquita delivered a strong 3Q25 performance, with the net profit margin rising to 22.5%, thanks to a strong increase in revenues.
Global Markets And Investment BankingThe Global Markets and Investment Banking segments outperformed expectations, with solid contributions from trading and M&A.