Banca Generali profit rises 22% on recurring fee growth, ups outlook; shares rise

Banca Generali reported a 22% rise in net profit to €384.1 million for the first nine months of 2026, driven by higher total assets and recurring profitability. The Italian bank also raised its full-year net inflows target to over €8 billion, up from a previous target of about €7.5 billion. Recurring net profit grew 11% year-over-year to €303.4 million, while net recurring fees increased by 16% to €449.4 million.

The company's total assets under management reached an all-time high of €121.8 billion, up 11% year-over-year, and assets under advanced advisory grew 17% to €13.4 billion. Banca Generali's CEO, Gian Maria Mossa, attributed the strong performance to the solidity of the bank's model and the confidence of clients and bankers, noting that it marks the best nine months in the company's history.

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