Intesa Sanpaolo Reports Fiscal 2018 Results, Maintains Aggressive Growth Targets
Intesa Sanpaolo reported pretax profits of EUR 4.4 billion for fiscal 2018, an 8% increase compared with the corresponding period in 2017. After updating our model and adjusting for the time value of money, we are increasing our fair value estimate slightly to EUR 2.70 from EUR 2.60 and maintaining our no-moat rating.Intesas's management has previously provided very detailed earnings guidance out toward 2021, with a net income target of EUR 6 billion for fiscal 2021. Our estimate of EUR 5.4 bil...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.