Mediobanca reported a mixed performance for the first quarter, surpassing initial estimates as fee income helped to mitigate a decline in net interest income (NII). However, the bank's shares fell by 7% following a revenue miss, indicating investor concerns despite the better-than-expected fee performance. In a separate development, Powermatic, listed as $BCY.SI in Singapore, experienced a significant downturn, with its stock dropping 13% after reporting a 50% year-over-year decline in both revenues and profits, attributed to the clearing of a COVID-19 backlog. Despite this, Powermatic remains profitable due to low fixed costs.