Today's stock market data, November 6th. European markets are experiencing a mixed session, with focus on quarterly results.
Another session led by a flurry of corporate earnings. Investors appear to have put aside concerns about the valuations of tech and AI stocks following the gains of recent sessions and are looking for catalysts that will indicate the direction to take. At the Milan Stock Exchange, attention is focused on Bper Banca and Popolare di Sondrio, which approved their merger and the quarterly results.
Brembo, after the results +8% on the stock market
Brembo shares soared (+8.35) following the results. The automotive brakes group posted a better-than-expected quarter. Net profit in particular rose 59% to €65 million, versus the consensus estimate of €54 million.
Brembo's earnings fell for the first nine months, but jumped in the third quarter.
Brembo closed the first nine months of 2025 with a net profit of €162.8 million, down 17.4% from €197.2 million in the same period of 2024. Revenues, according to a statement, amounted to €2.79 billion (-4.7%), EBITDA was €462.8 million (-7.6%), and EBIT was €255.9 million (-15.3%). Net investments totaled €291.4 million during the period, of which €14.2 million related to leased asset increases. Net financial debt at September 30, 2025, stood at €847.2 million, down €88.3 million from June 30, 2025.
For the third quarter, profit jumped 58.9% to €65 million; revenues totaled €909 million (-1.5%), EBITDA was €161.9 million (+8.2%), and EBIT was €93.5 million (+12.4%). According to management, given a geopolitical and macroeconomic environment that remains complex and unstable, Brembo expects, at constant exchange rates and with the current scope of operations, 2025 revenue to be slightly lower than 2024 (-2%). Despite this highly challenging scenario, Brembo is able to maintain an EBITDA margin above 16%. Furthermore, investments of €400 million for the full year and debt of approximately €780 million are confirmed.
Bank of Engand leaves rates unchanged
In October, Banca Mediolanum recorded net inflows of €1.086 billion. Inflows into managed assets amounted to €734 million. Since the beginning of the year, total inflows have exceeded €9.2 billion (compared to €8.5 billion in 2024), while inflows into managed assets amounted to €7.317 billion. Also in October, loans disbursed totaled €392 million and protection policies totaled €23 million.
Mediolanum's net inflows reached €1 billion in October.
In October, Banca Mediolanum recorded net inflows of €1.086 billion. Inflows into managed assets amounted to €734 million. Since the beginning of the year, total inflows have exceeded €9.2 billion (compared to €8.5 billion in 2024), while inflows into managed assets amounted to €7.317 billion. Also in October, loans disbursed totaled €392 million and protection policies totaled €23 million.
Labriola: "We're talking to Nvidia, good chances."
After Germany, where it reached an agreement with Deutsche Telekom, Nvidia is now looking to Italy. "We're talking with Nvidia and we think there could be good opportunities for the future," TIM CEO Pietro Labriola confirmed in response to analysts' questions. The American artificial intelligence giant presented in Berlin its €1 billion investment in a facility and its goal of creating a national infrastructure for the development and application of artificial intelligence to support large German companies, SMEs, and startups.
EU Antitrust investigates Deutsche Börse and Nasdaq on derivatives
The EU Antitrust Authority has opened an investigation to determine whether Deutsche Börse and Nasdaq violated European competition rules by coordinating their strategies for listing, trading, and clearing financial derivatives in the European Economic Area. The investigation is aimed at determining "whether they colluded to avoid competition," said EU Commission Vice President Teresa Ribera, emphasizing that "fair competition is essential for the proper functioning of the Capital Markets Union, a cornerstone of innovation, financial stability, and growth in Europe."
Mediolanum's profit in the 9 months grows to 726 million
Mediolanum recorded a net profit of €726 million in the first nine months of 2024, up 8% compared to the same period of 2024. The contribution margin amounted to €1.55 billion, up 5% compared to the first nine months of 2024, as did the operating margin, which amounted to €891.4 million.
"I believe all the conditions are in place to close 2025 as one of the best years in our history, with net inflows into managed assets that we expect to exceed €8 billion and with the awareness that, through our model, we are contributing to a financial system increasingly geared towards the well-being of Italian families," emphasized CEO Massimo Doris, who noted that the board of directors "approved an interim dividend of 0.60 euro cents per share, a significant increase compared to the 2024 interim dividend."
Commerz revenues grow to 9 billion, profits remain stable
Commerzbank continues its growth trajectory: between January and September, the bank increased its operating profit by 21% compared to the previous year, reaching €3.4 billion, its best quarterly result in its history. Revenues increased 11% to €9 billion.
"The level of performance we have now achieved represents the new benchmark for future growth. We aim to distribute an attractive dividend for the full year and have also submitted an application for the next share buyback," CEO Bettina Orlopp emphasized in a statement.
Labriola (Tim): "Solid performance, we will reach our targets"
"TIM delivered solid operating and financial performance in the third quarter, both in Italy and Brazil. Year-to-date results are in line with our budget, and we are on track to achieve our full-year targets," and for this reason, "we confirm our full-year outlook." TIM CEO Piero Labriola said this during the analyst call.
Nissan returns to operating profit but expects full-year loss
Progressive cost cutting and robust demand in North America allowed Nissan to post its best operating profit in the second quarter in a year, but the road to a more solid financial recovery is still long, the automaker warns. Between July and September, operating profit stood at 51.5 billion yen, equivalent to 290 million euros, well above analysts' expectations, which averaged a loss of 71 billion.
Pope (Bper): "Returns of 280% in 24 months, but still at a discount."
Over the past 24 months, BPER has offered its shareholders "a total shareholder return of 280%, rising to 315% at the end of October." BPER CEO Gianni Franco Papa stated this in a conference call with analysts, expressing his belief that BPER "continues to trade at a discount to its competitors" and that the synthetic exposure of 9.9% acquired by BPER in itself is the result of confidence in the group's "enormous capacity to generate value" following the acquisition of Banca Popolare di Sondrio.
Milan declines (-0.4%), Diasorin drops -13.9%
Miano declined 0.4%, weighed down by Diasorin, which plunged 13.9% following its quarterly results and the cut in 2025 guidance. The financials didn't help Buzzi (-2.1%), Leonardo (-1.4%), and Mediobanca (-1.39%), while Popolare di Sondrio (+1.74%) and Bper (+1.3%) pushed up the top three. Iveco made little progress (-0.16%).
Nexperia halts supplies to its Chinese plant, "not paying"
Nexperia has reportedly suspended supplies to its Chinese plant because the local unit refuses to make payments, highlighting the ongoing internal conflict within the Nijmegen, Netherlands-based automotive microchip manufacturer. The company, owned by China's Wingtech Technology and subject to government scrutiny in The Hague for "national security" reasons since October, supplies power control microchips used by numerous automakers, from Volkswagen to BMW.
Milan opens with a slight decline, while Pop.Sondrio takes the lead.
Piazza Affari opened slightly lower, with the FTSE MIB declining 0.08% to 43,402 points. This performance is in line with other European stock markets, which are impacted by investor fears that AI could prove to be a bubble, while the possibility of the Fed cutting rates again in December is fading, given the robustness of the labor market. Meanwhile, the shutdown continues, and air traffic in the United States is beginning to decline.
Popolare di Sondrio and Bper S.p.A. rose sharply on the Milan stock exchange following the merger announcement, gaining 2.63% and 1.59%, respectively.
European stock markets start weakly, with all eyes on earnings and the BoE.
European stock markets are off to a weak start as investors await the Bank of England's decision, which is expected to keep rates at 4%. However, bets on a 25 basis point rate cut have increased due to signs of stabilizing inflation and a cooling labor market in the UK. Attention is also focused on a new round of corporate earnings.
Global risk appetite improved as concerns about the high valuations of artificial intelligence stocks eased and U.S. private employment data signaled continued resilience in the U.S. economy. The CAC 40 index in Paris fell 0.37%, the DAX 30 in Frankfurt lost 0.21%, and the FTSE 100 in London traded at par. In Milan, the FTSE MIB index fell 0.2% in early trading.
Bper: "Profits rise to €1.48 billion (+30%) with Sondrio"
Bper closed the first nine months of the year with operating income of €4,646.2 million, up 12.5% from the same period in 2024, and a profit that rose 30% to €1,478.5 million, benefiting from the consolidation of Banca Popolare di Sondrio starting July 1st.
"For the first time," BPER CEO Gianni Franco Papa stated in a statement, "we have presented the market with a consolidated view of Banca Popolare di Sondrio, highlighting revenue growth, continued improvement in operational efficiency, and excellent sales momentum, driven by commissions in wealth management and bancassurance."
Iveco's third-quarter profits and revenues decline
Iveco Group closed the third quarter with a decline. Consolidated revenues amounted to €3.1 billion compared to €3.2 billion in the third quarter of 2024. Net revenues from industrial operations amounted to €3 billion compared to €3.1 billion, with higher volumes and a better mix in buses partially offsetting lower truck volumes and a negative impact of exchange rates. Adjusted net profit amounted to €40 million (€94 million in the third quarter of 2024), with adjusted diluted earnings per share of €0.15 (€0.35 in the third quarter of 2024).
Nissan sells Yokohama headquarters for 550 million euros
Nissan has announced the sale of its headquarters in Yokohama, south of Tokyo, for 97 billion yen (550 million euros), as part of a broader corporate restructuring plan.
While transferring ownership of the building to a real estate company in the capital, the Japanese manufacturer will retain use of it through a lease agreement, ensuring the continuity of operations at its global headquarters at the same location. The transaction will generate a profit of 74 billion yen for Nissan, the statement states, and the proceeds will be entirely reinvested in infrastructure upgrades and strategic business reforms, in line with the objectives of the 'Nissan Next' plan aimed at strengthening profitability and financial sustainability.
The lease of the complex will help streamline its balance sheet, the company explains, without compromising its institutional presence in the heart of the Tokyo metropolitan area. The strategic plan of Japan's third-largest automaker calls for a 20% cut in global production capacity, a 20% reduction in its model portfolio, an exit from unprofitable markets, and a greater focus on sustainability and electrification.
Trump: "The Supreme Court's tariff defeat is devastating for the US."
"It would be devastating for our country" to lose at the Supreme Court on tariffs. US President Donald Trump said this in an interview with Fox , emphasizing that Wednesday's hearing before the courts "went well."
Musk's huge compensation put to the test by Tesla shareholders
Elon Musk's massive compensation package is being put to the test by Tesla shareholders, who will be asked in the coming hours to decide whether the billionaire could receive up to $1 trillion if he can help the electric car giant achieve ambitious goals, such as a market capitalization of $8.5 trillion within ten years. The board of directors has approved the compensation package, and now it's up to shareholders to decide.
If the proposal were rejected, Musk threatened to resign from the company. The Norwegian sovereign wealth fund, one of Tesla's 10 largest shareholders, has already said it will vote no, despite recognizing the value Musk has created.
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