Report
Steven Gould

Intesa Sanpaolo : Q1 2021 confirms the group's solid fundamentals

>Outperform recommendation reiterated - Target price at € 2.75 (vs € 2.60) - Our Outperform recommendation has been underpinned by the Q1 2021 publication, reassuring on the key operational aspects (top line, costs, cost of risk/quality of assets) and on the prospects for shareholder returns. The good operational performance and the maintained confidence in guidance prompts us to revise up our 2021-2023 estimates for net profit by an average of 5% (to a large extent ...
Underlying
Intesa Sanpaolo S.p.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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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