Monte dei Paschi Raises 2026 Profit Goal After Merger Plan Fails
Monte dei Paschi raised its full-year profit outlook after shareholders rejected a plan to buy the rest of Mediobanca and merge it into the group.
By Valentina ZaItaly's third-largest bank, Monte dei Paschi di Siena (MPS) MIL:BMPS, raised its full-year profit outlook on Friday after its shareholders sank a plan to buy the rest of rival Mediobanca and merge it into the group.After acquiring 86% of Mediobanca last year, MPS in June became the t…