IITSF - Intesa Sanpaolo: What A Quarter. Again We Increase Our Buy Rating
2024-05-07 01:20:04 ET
Summary
- We report a focus on fee generation, which will support the bank earnings in the long run.
- Isybank plan is progressing well, with a €500 million gross income target by 2025.
- The company's Q1 net income was the strongest, with the lowest-ever Cost/Income ratio. Our buy rating is confirmed.
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Intesa Sanpaolo: What A Quarter. Again, We Increase Our Buy Rating