Report
Benoit Valleaux ...
  • Steven Gould

Intesa Sanpaolo : Le T1 2023 confirme le très bon positionnement d’ISP dans le contexte actuel

>Opinion Surperformance confortée – OC porté à 3.4 € (vs 3.0 €) - Opinion Surperformance confortée suite au T1 2023, rassurant sur les principaux points clés opérationnels (momentum de la top line, maîtrise des coûts & évolution rassurante de la qualité d’actifs underlying/niveau modéré de CdR), le capital/retour à l’actionnaire, la liquidité et sur l’exposition russe. Nous rehaussons de 12% en moyenne nos estimations de RN sur 2023/2025e afin d’intégrer l’évolution f...
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
Benoit Valleaux

Steven Gould

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