Report
Benoit Valleaux ...
  • Steven Gould

Intesa Sanpaolo : T4 2023 & guidance 2024 solides… prime à l’exposition à l’épargne LT

>Opinion Surperformance réitérée – OC porté à 4.0 € (vs 3.8 €) - Le T4 2023 vient conforter notre opinion Surperformance sur le titre avec une évolution globalement rassurante sur les points clés opérationnels (momentum NII, maîtrise des coûts & niveau modéré de CdR), et in fine sur le capital/retour à l’actionnaire. Le groupe se montre plutôt confiant sur ses perspectives sur 2024 (RN >x 8Md€ en 2024 & 2025 vs 7.7 Md€ en 2023) notamment grâce à son business model trè...
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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