Report
Benoit Valleaux ...
  • Steven Gould

Intesa Sanpaolo : Une performance de nouveau très solide au T2 2023

>Opinion Surperformance maintenue – OC porté à 3.7 € (vs 3.4 €) - Opinion Surperformance confortée suite au T2 2023, de nouveau rassurant sur les principaux points clés opérationnels (momentum de la top line, maîtrise des coûts & niveau modéré de CdR), le capital/retour à l’actionnaire, la liquidité et sur l’exposition russe. Nous rehaussons de 8% en moyenne nos estimations de RN sur 2023/2025e afin d’intégrer l’évolution favorable sur la top line (taux) mais aussi un...
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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