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Italy's Banco BPM posts strong quarter, firms up outlook after ending MPS merger talks | live
MILAN, Aug 5 (Reuters) - Banco BPM strengthened its full-year guidance on Wednesday after reporting second-quarter earnings above market expectations, days after the collapse of merger talks with Monte dei Paschi di Siena (MPS). Failure to strike a deal with MPS, which has become a takeover target for market leader Intesa Sanpaolo, leaves BPM without what had long been seen as its natural merger partner.
MILAN, Aug 5 (Reuters) - Banco BPM strengthened its full-year guidance on Wednesday after reporting second-quarter earnings above market expectations, days after the collapse of merger talks with Monte dei Paschi di Siena (MPS). Failure to strike a deal with MPS, which has become a takeover target for market leader Intesa Sanpaolo, leaves BPM without what had long been seen as its natural merger partner.
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