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What would prove it wrong
PKO BP reports third-quarter profit growth and net interest margin expansion matching mBank's record result.
Review condition
PKO BP third-quarter 2026 results, scheduled for release before 4 November 2026: profit growth and net interest margin expansion in line with mBank's record quarter would support sector-wide improvement; a decline echoing Pekao would suggest the rally overstated breadth.
Status
Later publication

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A dated research thesis and its assessment. This is not portfolio performance or an investment recommendation.

Pekao's 20% third-quarter profit decline, reported 29 October 2026… · 29 October 2026 · Thesis ledger