Berenberg Stays Positive on FinecoBank on 'Unique' Business Model; Buy Rating Reiterated

01:10 AM EST, 12/11/2025 (MT Newswires) -- Berenberg maintained its positive stance on FinecoBank (FBK.MI), noting the Italian retail bank's "unique" business model and ability to achieve earnings growth under varying conditions. "Fineco, in our view, is the best way for investors to access the secular growth in the digital distribution of financial products in Italy. Fineco has delivered significantly stronger flows and asset growth than peers, increasing its market share to 13.5%. Given the more stable interest rate environment, we expect this above-average growth trend to continue," analysts said Wednesday. The research firm added that FinecoBank's net inflows data for November highlighted sustained favorable momentum in the lender's investing and brokerage units. On the financials side, Berenberg marginally lifted its EPS forecasts for full-year 2025 to 2027, while affirming the stock at buy and its price target of 25.50 euros.