Mediobanca stock trades near its 52-week high as merger advances

Mediobanca stock (ISIN IT0000062957) was trading at EUR 29.13 on Borsa Italiana on September 29, 2026, at 9:36 a.m. CEST, up 0.52 percent from the prior close. The price stood only 0.17 percent below its 52-week high of EUR 29.18, keeping the ownership story around the Italian bank firmly in view.

Merger approval reshapes ownership

On September 3, 2026, Reuters reported that Banca Monte dei Paschi di Siena had received European Central Bank approval to merge Mediobanca into the group. The transaction gives the controlling shareholder a route to integrate Mediobanca and changes the strategic backdrop for the listed shares.

The ownership angle became more specific on September 10, 2026, when The Wall Street Journal reported that Monte dei Paschi planned to delist the Italian investment bank from Milan. For shareholders, the key issue is therefore not only earnings power but also how the merger changes the future trading structure.

Q2 earnings add a financial anchor

Yahoo Finance lists Q2 FY26 revenue at EUR 1.01 billion and earnings at EUR 388.50 million. The reported quarter gives the market a current operating reference while the merger supplies the strategic reference.

Valuation remains more demanding than the analyst average. Investing.com shows an average 12-month price target of EUR 26.60, EUR 2.53 below the September 29 reference price, while the high estimate is EUR 30.40 and the low estimate is EUR 18.40.

Stock stays near yearly peak

Mediobanca stock had a market capitalization of EUR 23.5 billion on September 29, 2026, with 16,023 shares traded at the finance snapshot. The 52-week range of EUR 14.98 to EUR 29.18 places the current quote at the upper boundary, while the next scheduled results date is November 5, 2026, according to Mediobanca.

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