MPS says profits for first nine months of 2026 up 21% to €1.66 bn

Monte dei Paschi di Siena reported a net profit of 1.657 billion euros for the first nine months of 2026, marking a 21.2% increase from the previous year. The bank achieved a profit of 543 million euros in the third quarter, exceeding expectations. Following a rejection of CEO Luigi Lovaglio's defense plan by shareholders, a takeover by Intesa Sanpaolo appears imminent.