MILANO, May 8 (Reuters) - Italy's Banco BPM on
Monday raised its 2023 profit goal, after joining peers in
posting stronger-than-expected first-quarter earning thanks to
higher interest rates.
Italy's third-largest bank said its net profit in the three
months through March rose 49.2% from a year earlier to 265
million euros ($292 million), well above a 220 million euro
analyst consensus compiled by Reuters.
The lender forecast a 1.1 billion euro net profit this year,
or 75 euro cents per share (EPS), having said in February that
its 2023 EPS would top 60 euro cents, up from a 49 euro cent EPS
goal set under its business plan.($1 = 0.9073 euros)
(Andrea Mandalà, editing by Valentina Za)
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