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IITSF - Intesa Sanpaolo: An Undervalued Capital Return Story
Intesa Sanpaolo S.P.A.
Intesa Sanpaolo delivered another strong quarter, with the positive underlying earnings trends supporting the case for a near-term recovery.
With the guidance numbers also upgraded despite still embedding some conservatism, there appears to be plenty of upside to the earnings growth trajectory.
And with the capital return story unfolding as well, shares appear very reasonable at current valuations.