BUZZ-Nexi jumps on shareholder return target, 2024 results
Shares in Italy's Nexi NEXII.MI rise around 7% after the payments group said it would return a total of 600 million euros to shareholders in 2025 and reported a 7% rise in its 2024 core profit
The 300 million euros to be returned through dividend could bring interest of new investors, J.P.Morgan says
The new dividend and cash return, which includes a 300 million euro buyback, should be seen as positive given results and guidance came close to market expectations, JPM adds
"The results were surprisingly good, particularly if compared with those of Wordline," a Milan-based trader says
"As such, the market is buying a stock that has plenty of room to recover," the trader adds
Nexi is at the top of Europe-wide STOXX 600 .STOXX index at 0905 GMT
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