Report
Steven Gould

Intesa Sanpaolo : Un T3 2020 (presque) bien sous tous rapports…

>Une évolution rassurante sur l’opérationnel - La publication est caractérisée par la 1ère consolidation d’UBI Banca (sur 2mois). Le groupe a publié un T3 2020 de bonne facture (RN à 507 M€ hors UBI vs 460 M€ cons), soutenu principalement par des coûts clairement en deçà des attentes de même que pour les provisions sur crédits. En intégrant la contribution pro rata temporis d’UBI Banca, le RN ressort à 3.8 Md€, modulo la prise en compte du badwill généré lors de l’acq...
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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