Who are Banca Generali's main competitors?

Named competitors: FinecoBank (FBK.MI), Azimut Holding (AZM.MI), Intesa Sanpaolo (Fideuram) (ISP.MI). The cockpit's measured peer set (industry) also includes VZ Holding AG (VZN.SW), Victory Capital (VCTR), ICG (ICG.L), Nippon Life India Asset Management (NAM-INDIA.NS), China Industrial Securities (601377.SS), HealthEquity (HQY).

Is Banca Generali expensive compared with its peers?

On forward p/e it trades at 15.3× against a peer median of 12.9×, 6th most expensive of 19 in its peer set.

How has Banca Generali stock performed?

Over six months to 6 Nov 2026 the shares returned +4.0% against -1.1% for the median peer; over one year +17.3%.

← CockpitCompetitor Analysis › BGN.MI Banca Generali S.p.A.Open in the cockpit ↗

Banca Generali S.p.A.BGN.MICompetitor analysis, valuation and peers

Italy · EUR·Financials›Investment Managers

Italian private bank and wealth manager distributing investment and insurance products via financial advisors, part of the Generali group.

Momentum neutral 42

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$7.73B

US dollars, full cap

Free float

47%

of shares outstanding

$/day

$10.6M

20-day average traded

Fwd P/E

15.3×

forward earnings

ROIC−WACC

n/a

WACC 9.1%

Hurdle

n/a

no reverse DCF

Next earnings

4 days

10 Nov 2026

Close · EUR€60.45

1D+2.3%

1W+2.0%

1M+0.6%

3M-10.7%

6M+4.0%

YTD+5.7%

1Y+17.3%

ATR %2.8%

52w lowhigh13.3% off high

What Banca Generali does

Italian private bank and wealth manager distributing investment and insurance products via financial advisors, part of the Generali group.

Earns recurring fees on client assets and commissions on insurance-based investment products, plus interest income on client cash balances. Assets grow mainly by recruiting financial advisors, who are paid on the business they bring, so adding and keeping advisors is how the franchise expands.

Products and services

Wealth/asset management
Private banking
Insurance-linked investment products

Customers

Affluent and high-net-worth Italian retail investo

Where it sits in the supply chain

Financials
Wealth management
Private banking & financial advisory

What could go right

Net new asset inflows from advisor recruitment
Wealth management fee growth

What could go wrong

AUM sensitivity to market levels
Fee compression in wealth management

Moat: narrow (distribution, brand). Large proprietary financial advisor network and Generali brand affiliation drive asset gathering.

Headquarters: Trieste, Italy · Founded: 1998 · Employees: 1,313

Named competitors

Banca Generali at a glance

Size Banca Generali (BGN.MI) is an Italy Financials company (Investment Managers) with a market value of $7.73B, the 31st largest of 123 Italy companies the cockpit tracks. Shares closed at €60.45 on 6 Nov 2026.

Performance Over six months the shares gained 4.0%, against -1.1% for the median peer and +3.1% for the Italy market (cap-weighted) — 6th highest of 20 in its peer set.

Growth Revenue grew 17.0% over the last twelve months (peer median +9.4%); the operating margin is 37.7% (peer median 29.9%).

Valuation It trades at 15.3× forward earnings against a peer median of 12.9× (6th most expensive of 19).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Banca Generali against the median of its 20 peers (local-currency closes).

Banca Generali financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	€2.00B	€1.75B	€1.73B	€1.43B	€1.17B
Revenue growth	—	+1%	+21%	+23%	—
Net income	€524M	€446M	€431M	€326M	€213M
Free cash flow	n/a	€497M	€419M	€313M	€229M
Capital expenditure	n/a	€26.8M	€24.3M	€27.6M	€19.8M
Total debt	€1.88B	€2.11B	€1.47B	€1.93B	€2.40B

Quarterly statements and history in the cockpit →

Banca Generali competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Banca Generali is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Banca Generali is the large dot.

Banca Generali competitors and peer comparison

Head to head with its named competitors (BGN.MI vs FBK.MI vs AZM.MI vs ISP.MI)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Banca Generali BGN.MI	$7.73B	+4%	+17%	38%	15.3×	n/a
FinecoBank FBK.MI	$15.4B	+3%	+5%	50%	19.9×	n/a
Azimut AZM.MI	$5.70B	-1%	+17%	46%	10.6×	n/a
Intesa Sanpaolo ISP.MI	$120B	+6%	-6%	37%	10.5×	n/a

How Banca Generali compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Banca Generali against its 20 peers (data as of 6 Nov 2026)
Measure	BGN.MI	Peer median	Rank in peer set
1-month return	+0.6%	+1.7%	10th lowest of 21
6-month return	+4.0%	-1.1%	6th highest of 20
Distance from 52-week high	-13.3%	-19.5%	8th highest of 21
Revenue growth (TTM)	+17.0%	+9.4%	6th highest of 21
Operating margin	37.7%	29.9%	8th highest of 21
Forward P/E	15.3×	12.9×	6th most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Banca Generali BGN.MI	Italy	$7.73B	+4%	+17%	38%	15.3×	n/a	n/a
VZ Holding AG VZN.SW	Switzerland	$8.03B	+17%	+9%	45%	24.1×	n/a	n/a
Victory Capital VCTR	United States	$7.38B	+40%	+50%	46%	14.0×	n/a	n/a
ICG ICG.L	United Kingdom	$7.32B	+2%	+6%	60%	11.9×	n/a	n/a
Nippon Life India Asset Management NAM-INDIA.NS	India	$7.22B	-4%	+23%	68%	39.1×	n/a	n/a
China Industrial Securities 601377.SS	China	$7.12B	-9%	-11%	29%	13.2×	n/a	n/a
HealthEquity HQY	United States	$8.57B	+22%	+7%	26%	20.5×	n/a	n/a
Affiliated Managers AMG	United States	$9.39B	+20%	+12%	22%	9.1×	n/a	n/a
ChinaLin Securities 002945.SZ	China	$6.27B	0%	+15%	25%	n/a	n/a	n/a
EFG International EFGN.SW	Switzerland	$6.26B	-1%	-1%	26%	14.4×	n/a	n/a
Vontobel VONN.SW	Switzerland	$6.18B	+36%	+11%	25%	12.6×	n/a	n/a
China CITIC Financial Asset Management 2799.HK	Hong Kong	$5.83B	-24%	-18%	135%	3.1×	n/a	n/a
StepStone STEP	United States	$5.73B	-15%	+51%	-53%	18.1×	n/a	n/a
Stifel Financial SF	United States	$10.7B	-7%	+8%	22%	10.3×	n/a	n/a
SBI Funds Management SBIFUNDS.NS	India	$10.8B	n/a	+21%	89%	31.1×	n/a	n/a
Capital Securities 601136.SS	China	$5.41B	-21%	+1%	36%	n/a	n/a	n/a
Aberdeen ABDN.L	United Kingdom	$5.36B	+2%	+2%	37%	14.3×	n/a	n/a
Ninety One N91.L	United Kingdom	$5.18B	-6%	+10%	26%	11.1×	n/a	n/a
Caitong Securities 601108.SS	China	$5.12B	-11%	-12%	31%	10.7×	n/a	n/a
Invesco IVZ	United States	$11.9B	-1%	+17%	24%	8.6×	n/a	n/a
HA Sustainable Infrastructure Capital HASI	United States	$5.00B	-5%	+27%	69%	12.6×	n/a	n/a

Questions

Who are Banca Generali's main competitors?: Named competitors: FinecoBank (FBK.MI), Azimut Holding (AZM.MI), Intesa Sanpaolo (Fideuram) (ISP.MI). The cockpit's measured peer set (industry) also includes VZ Holding AG (VZN.SW), Victory Capital (VCTR), ICG (ICG.L), Nippon Life India Asset Management (NAM-INDIA.NS), China Industrial Securities (601377.SS), HealthEquity (HQY).
Is Banca Generali expensive compared with its peers?: On forward p/e it trades at 15.3× against a peer median of 12.9×, 6th most expensive of 19 in its peer set.
How has Banca Generali stock performed?: Over six months to 6 Nov 2026 the shares returned +4.0% against -1.1% for the median peer; over one year +17.3%.