KBCSY - Intesa: 6.5% Yield And Attractive Valuation
Intesa Sanpaolo (OTCPK:ISNPY) is trading at a slight discount to the European banking sector and offers a high-dividend yield of 6.5%, being a good play for income investors. The bank has a sound business model with growth prospects due to its exposure to insurance, wealth and asset management, while its good capitalization is a strong support for the sustainability of its dividend.
Business Profile
Intesa Sanpaolo is an Italian bank focused on retail and commercial banking, with the vast majority of its revenues being generated domestically. It has operations in banking, insurance and