Banca Mediolanum Feedback from the 2026 Annual National Convention

Research evidence excerpt

Banca Mediolanum Feedback from the 2026 Annual National Convention

J P M O R G A N Europe Equity Research

13 May 2026

Banca Mediolanum Overweight

BMED.MI, BMED IM

Feedback from the 2026 Annual National Convention Price (12 May 26):€19.36

Price Target (Dec-27):€22.00

We attended Banca Mediolanum's annual National Convention which took place European Diversified Financials

ACon Monday and Tuesday in Turin. The event had c6,000 attendees, including Enrico Bolzoni, CFA

Mediolanum financial advisers, third party asset management firms, as well as the (44 20) 7134-4222

Company's management. We had a very good impression of the event, which gave enrico.bolzoni@jpmorgan.com

us insights into Mediolanum's strong company culture, upcoming services and J.P. Morgan Securities plc

product launches, new commercial initiatives, as well as some of the latest Angeliki Bairaktari

operational and technological upgrades. (44 20) 3493-6647

angeliki.bairaktari@jpmorgan.com

• New products and services: Alongside new product launches in both Equity J.P. Morgan Securities plc

and Fixed Income, Mediolanum presented new services that will be rolled out Tom Miller, CFA

over the coming months, most notably (i) bank accounts for legal entities (44-20) 3493-7427

tom.miller@jpmorgan.com

associated with existing high net worth customers (i.e. corporate accounts for J.P. Morgan Securities plc

the firms of existing HNW customers); (ii) Family Installements Plans to Punyaja Swaroop

incentivise early savings habits by younger customers; and (iii) Junior Bank (91 22) 6157-5115

accounts (i.e. for clients younger than 18yo) with embedded safety features for punyaja.swaroop@jpmchase.com

parents to monitor their children's spending. Mediolanum also presented new J.P. Morgan India Private Limited