Intesa Sanpaolo : A quarter under control ahead of the integration of UBI Banca
>Q2 2020 was generally convincing in terms of both operations and the balance sheet - IntesaSP reported solid Q2 2020 figures (net income € 1.42bn, i.e. +37% vs consensus) though positively affected by the booking of the capital gain on the Nexi deal (~€ 1.1bn). The group posted reassuring results in terms of both: 1/ operating leverage (revenues +4% vs consensus at € 4.14bn & costs -1% vs consensus at € 2.23bn) and therefore its capacity to absorb the cost of risk; a...Intesa Sanpaolo is a commercial bank. Co. is engaged in lending and deposit collection operations in Italy and associated financial services, serving Households, Personal, Small Business, Private and Small and Medium Enterprise customers. Co. provides medium-term credit, leasing, factoring and agribusiness (Mediocredito Italiano), consumer credit (Intesa Sanpaolo Personal Finance), management of electronic payments (Setefi), and trust services (Sirefid). Co. has approximately 4,300 branches, including Retail and Business branches, distributed broadly throughout Italy. At Dec 31 2014, Co. had total assets of Euro646.43 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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