Free Trial

FINANCIALS: FINBAN Results Ahead But Spreads Have Performed Strongly

FINANCIALS

Finecobank (FINBAN: BBB) results headlines look positive. Spreads are 24bp tighter in the last month (and 91bp YTD) far outstripping the performance of €IG banks, so expectations were already high.

  • “*FINECOBANK 2Q REV. EU331.3M, EST. EU320.3M
  • *CORRECT: FINECOBANK 2Q NET INCOME EU173.3M, EST. EU162.3M
  • *FINECOBANK SEES FY INVESTING REV UP LOW `DOUBLE DIGIT' Y/Y” – BBG

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.