Report
Steven Gould

Intesa Sanpaolo : Robustness confirmed in Q4 2020

>Operating performance: indicators (still) positive… - The earnings report was characterised by the second quarter of consolidation for UBI Banca and by the booking of significant one-offs mainly relating to the acquisition of UBI Banca (restructuring charges, additional provisions, goodwill impairment). These elements aside, the group reported another solid and reassuring performance in Q4 2020 (underlying PBT including UBI of € 740m vs € 455m for the consensus)...
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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