Intesa Sanpaolo S.p.A. Sponsored ADR (ISNPY)
Intesa Sanpaolo: Another Beat And Raise In Q4 (Rating Upgrade)
Intesa Sanpaolo delivered another fine set of quarterly results for Q4, beating consensus as well as previous guidance, while raising the FY25 outlook. Net interest income is falling on the back of lower interest rates, but hedge income, fee revenue, and cost control are supporting earnings. These shares look expensive based on a book value approach, but the P/E is still only ~8x, while the prospective shareholder yield is over 10%.
Intesa Sanpaolo: Guidance Raised Once Again, Still A Buy
Intesa Sanpaolo's 4Q net profit exceeded consensus, driven by diversified revenue and high fee generation. A €2 billion buyback was announced, surpassing our estimates. With a €6 billion cash dividend payment, ISP's total yield is set at 11%. ISNPY's net income is forecasted to be well above €9 billion. With a RoTE of 17%, Intesa Sanpaolo's valuation is still attractive.
Intesa Sanpaolo S.p.A. (ISNPY) Q4 2024 Earnings Call Transcript
Intesa Sanpaolo S.p.A. (OTCPK:ISNPY) Q4 2024 Earnings Conference Call February 4, 2025 9:00 AM ET Company Participants Carlo Messina - CEO Luca Bocca - CFO Conference Call Participants Antonio Reale - Bank of America Ignacio Ulargui Lopez - BNP Paribas Exane Ignacio Cerezo - UBS Pamela Zuluaga - Morgan Stanley Andrea Filtri - Mediobanca Andrea Lisi - Equita Britta Schmidt - Autonomous Research Giovanni Razzoli - Deutsche Bank Marco Nicolai - Jefferies Hugo Cruz - KBW Fabrizio Bernardi - Intermonte Operator Good afternoon, ladies and gentlemen, and welcome to the Conference Call of Intesa Sanpaolo for the Presentation of the Full Year 2024 results.
Intesa Makes First Spot Bitcoin Buy
Intesa Sanpaolo SpA has made its first spot Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the original cryptocurrency, as Italy's largest banking group pushes deeper into the asset class. Bloomberg's Anna Irrera has the story.
Intesa Sanpaolo: A Quality Angle To Play
Despite a dovish ECB approach, Intesa Sanpaolo remains a top pick due to its strong earnings growth, high ROTE, and reliable capital returns. ISP's diversified revenue streams and cost reduction measures protect its profitability, with significant shareholder remuneration through dividends and buybacks. The lowest-ever nonperforming loan stock and a safer-than-ever CET 1 ratio offer clear downside protection. Our buy rating is then confirmed.
Intesa Sanpaolo: Interest Rate Tailwinds Fading, But Earnings Remain Robust (Rating Downgrade)
Shares of Intesa Sanpaolo have had an excellent year so far, significantly outpacing wider European financials with a roughly 60% total return. As expected, net interest income has started to fall on the back of lower interest rates, but the bank's earnings remain very resilient. The stock's valuation has continued to expand on the back of strong recent returns. Although Intesa is returning plenty of cash to shareholders, the value case has thinned out.
Intesa Sanpaolo S.p.A. (ISNPY) Q3 2024 Earnings Call Transcript
Intesa Sanpaolo S.p.A. (ISNPY) Q3 2024 Earnings Call Transcript
Intesa Sanpaolo: 10% Sustainable Yield For The Largest European Bank
Intesa Sanpaolo's strong financial performance, including a 76% net income increase and a cost/income ratio of 45.1%, positions it favorably for future growth. The Italian economy's resilience, low household debt, and high savings create a robust environment for Intesa's traditional banking and wealth management services. Significant excess capital allows for substantial shareholder distributions, including a €7.4 billion payout in 2024, with the potential for future buybacks.
Intesa Sanpaolo has struck deal for 4,000 voluntary layoffs, FABI union says
Intesa Sanpaolo, Italy's largest bank, has signed a deal with unions to fund an early retirement scheme for 4,000 employees, the FABI banking sector union said on Wednesday.
Explainer: What we know about the data breach at Intesa Sanpaolo?
Prosecutors in the southern Italian city of Bari are investigating an alleged data breach at the country's biggest bank Intesa Sanpaolo , in which Prime Minister Giorgia Meloni's account may have been accessed.
Italy's Intesa said it alerted authorities on security breach after checks
Italy's Intesa Sanpaolo said on Monday it had been able to alert the country data protection authority about the data violation performed by one of its employees only after carrying out careful and extended checks on the events.
Italy's Intesa Sanpaolo apologises for security breach involving PM Meloni
Italy's biggest bank Intesa Sanpaolo apologised on Sunday for an embarrassing security breach that reportedly targeted Prime Minister Giorgia Meloni and other high-profile figures.
