Intesa Sanpaolo : Robust operational/balance sheet performance underpinned in Q2/H1 2024
>Outperform rating maintained - Target price raised to € 4.6 (vs € 4.4) - Q2/H1 2024 results underpin our Outperform recommendation with a reassuring trend on the key operational points (top line, costs, cost of risk) and also on capital/shareholder returns (ISP further raised it guidance for net profit for 2024). The highly diversified business model (revenues linked to long-term savings) should continue to be a positively differentiating point in the sector given th...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.