Banca Generali raises 2026 interest income guidance
Banca Generali raised its 2026 net interest income target to 345 million euros on expected rate hikes. The bank also reported a 15% rise in Q1 net profit.
BANCA GENERALI SPA raised its 2026 net interest income guidance to 345 million euros midday Wednesday following a 15% rise in first-quarter profit. The private bank beat analyst estimates of 109 million euros as net inflows reached 2.8 billion euros through April. Higher rate expectations and an Irish ETF acquisition signal a pivot toward diversified, yield-driven wealth management in Italy.
The asset manager now forecasts annual net interest income between 335 million and 345 million euros. This outlook replaces the February range of 330 million to 340 million euros. Management attributed the revision to expectations that interest rates will rise during the year.
