By Reuters
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MILAN - Italy's Banco BPM on Tuesday said it had raised its guidance on net earnings per share in 2022 and 2023 after beating forecast with its third-quarter profit, helped by higher rates.
Italy's third-largest bank said its net profit for the three months through September rose 14.3 % from a year earlier to 126.5 million euros, above a 116 million-euro forecast in a Reuters analyst poll.
The bank said it expected 2022 net earnings of 45 euro cents per share from 40 euro cents indicated in August, confirming a payout ratio target of 50%.
For the next year Eps is expected to be more then 0.60 euros from 0.50 previously indicated.
($1 = 0.9922 euros)
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