Report
Steven Gould

Intesa Sanpaolo : Update PF UBI Banca : toujours une longueur d’avance !

>Opinion Surperformance réitérée – OC porté à 2.60 € (vs 2.40 €) - Nous avons revu nos estimations afin d’intégrer 1/ en particulier plus finement l’impact du rapprochement avec UBI Banca annoncé en février 2020 et dont l’intégration doit être finalisée en avril 2021 (y compris la cession d’agences et d’actifs liés à BPER), mais aussi 2/ certains ajustements dans notre approche sur les perspectives opérationnelles du groupe à CMT. Nous ressortons un peu moins con...
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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