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FinecoBank Banca Fineco S.p.A. (FBK.VI)
| Previous close | 14.10 |
| Open | 13.91 |
| Bid | 13.54 x 0 |
| Ask | 14.03 x 0 |
| Day's range | 13.91 - 13.91 |
| 52-week range | 10.72 - 14.56 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 8.498B |
| Beta (5Y monthly) | 0.96 |
| PE ratio (TTM) | 13.91 |
| EPS (TTM) | 1.00 |
| Earnings date | N/A |
| Forward dividend & yield | 0.69 (4.90%) |
| Ex-dividend date | 17 May 2024 |
| 1y target est | N/A |
- Reuters
Fineco to decide on next AT1 call based on market conditions- CEO
Italian online bank and brokerage FinecoBank will decide depending on market conditions whether to repay an 'Additional Tier 1' (AT1) perpetual bond with a first call option coming due in the fourth quarter, its chief executive said on Tuesday. "We are waiting a green light from the ECB, and once it arrives we will move in line with market conditions", CEO Alessandro Foti told a post-result press conference. Fineco issued a 300 million euro AT1 on July 2019, when UniCredit sold its residual stake in the company, in order to maintain the leverage ratio above 3.5%.
- Reuters
Italy's FinecoBank closes in Britain, citing Brexit fallout
Italy's FinecoBank said on Friday its board had approved the closure of its business in Britain due to regulatory difficulties following the country's exit from the European Union. The lender that specialises in online brokerage has been operating in Britain from its Italian headquarters under a temporary framework which will no longer be allowed after December this year, it said in a statement. The decision to quit the country "is driven by the significant change in the regulatory landscape in the UK, after its exit from the European Union," it said.
ReutersItaly's Fineco cuts 2023 lending income forecast on deposit drop
Chief Executive Alessandro Foti told analysts Fineco expected customer deposits to drop by 2 billion euros in 2023, after previously estimating growth of 1 billion. Like many other lenders, Fineco does not reward liquidity, and Foti said deposits had bottomed out as customers shifted cash into investments or kept so-called 'transactional liquidity', or money they need for possible purchases. Net financial income, a profit measure that combines the bank's treasury portfolio and interest rates earned on loans after payments on deposits, will grow around 70% from 2022, Fineco said.
