MILAN (Reuters) -Italian digital bank and asset gatherer Fineco on Wednesday posted a higher-than-forecast third-quarter profit, with revenues bucking expectations for a decline from a year earlier.
Fineco said net income for the July-September period totalled 163 million euros ($190 million), above a Visible Alpha analyst consensus of 154 million euros.
Revenues came in at 325 million euros, in line with the third quarter of 2024, surpassing an analyst consensus forecast of 314 million euros.
Fineco, which offers online banking and brokerage service and low-cost savings products, said it expected net inflows for last month to have risen by more than 30% year-on-year, totalling around 1.3 billion euros.
Fineco said it added around 19,300 clients last month, up around 30% from October 2024.
($1 = 0.8575 euros)
(Reporting by Valentina Za; Editing by Alvise Armellini and Tom Hogue)
