Intesa Sanpaolo : Q1 2019 results : so far so good …
>Broadly solid start to the year…watch this space! - Net profit topped expectations at € 1.05bn (vs the consensus estimate of € 910m), rather reassuring at this stage given the deterioration in the macroeconomic context in Italy.The pleasant surprise mainly stemmed from trading revenues (vs core revenues < expectations), costs and especially the cost of risk.Message of confidence reiterated both on the 2019 guidance and the strategic plan despite a clearly l...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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