Monte Paschi, Mediobanca Profits Beat as Investors Eye Deals
Banca Monte dei Paschi di Siena SpA joined rival Mediobanca SpA in posting higher than expected profits during the first three months of the year, as investors are focused on their respective acquisition plans.
Monte Paschi's net income in the three months through March rose to €413 million ($464 million), compared with an analyst estimate for €335 million, according to a statement on Friday.
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