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Monte dei Paschi Raises 2026 Profit Goal

Monte dei Paschi di Siena raised its full-year pre-tax profit outlook to over 3.7 billion euros following the rejection of its Mediobanca merger plan. The third-largest Italian bank also reported better-than-expected third-quarter net profit of 543 million euros.

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View of the entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. REUTERS/Jennifer Lorenzini

BANCA MONTE DEI PASCHI SIENA raised its 2026 pre-tax profit forecast above €3.7 billion on Friday after Italy shareholders blocked a planned merger with MEDIOBANCA SPA.