MILAN (Reuters) -Italian online bank and brokerage Fineco reported a higher-than-forecast third quarter profit on Wednesday, with its revenue bucking expectations for a drop from a year earlier.

Fineco, which offers online banking and brokerage service and low-cost savings products, said net income for July-September totalled 163 million euros ($190 million), above a Visible Alpha analyst consensus of 154 million euros.

Shares in Fineco were up 1.3% at 0811 GMT, outperforming a 0.4% rise in Italy’s main stock index.

Fineco CEO Alessandro Foti said that “2025 would be a record year in terms of new clients, surpassing the historical high of 2024”. The group said in a statement it had added around 19,300 clients last month, up around 30% from October 2024.

It expects net inflows of new mo

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