UBS - Intesa Sanpaolo Attractively Valued After Roman Bloodbath
It is a brave investor who would buy shares in an Italian bank. Such a person risks walking into a minefield of political and financial risk. It was only a little over a year ago, after all, that the Italian government had to bail out the country's fourth-largest lender, the venerable Monte dei Paschi di Siena (BMPS).
And yet despite the risks, there is one Italian bank which I keep being drawn back to, over and over, almost despite myself - like a moth to the proverbial flame - and that particular bank is Intesa