Monte dei Paschi Beats Third-Quarter Earnings Forecasts by 16%
Banca Monte dei Paschi di Siena beat third-quarter earnings forecasts by 16%, according to Keefe, Bruyette & Woods analysts, who cite better-than-expected performance across most key lines.
Banca Monte dei Paschi di Siena's results in the third quarter should be well-received, Keefe, Bruyette and Woods's Hugo Cruz and Ben Maher write. The Italian lender beat earnings forecasts by 16%, due to a better-than-expected performance "on most of the lines that matter", KBW notes. The bank's a…