IITSF News and Press, Intesa Sanpaolo S.P.A. From 08/11/23

2023-08-11 10:00:00 ET Summary The Italian government has decided to go ahead with a windfall tax on banks, causing shockwaves in the Italian banking sector as soon as the initial draft circulated. The draft is yet to sign into law, and the Finance Ministry has already been workin...

2023-08-10 11:36:45 ET Summary Italian banks face a windfall tax on extra profits from rising interest rates. The tax will be 40% on profits from net interest margin (NIM) in 2022 or 2023. Strong results and upgraded profit outlooks for Italian banks due to higher rates may be...

2023-08-06 23:51:34 ET Summary Intesa Sanpaolo delivered an 80% increase in net profit in H1 2023 vs. last year. The company increased its 2023 net income projection with a profit of over €7 billion (and an optimistic view for 2024 and 2025). Low cost of risk, best-in-c...

2023-08-02 08:23:00 ET Summary We’ve seen a shift in analyst sentiment over the last two weeks when looking at data in This Week in Earnings and STOXX 600 Earnings Outlook report. For the S&P 500, the week ending July 28th saw a total of 2,444 FY1 EPS revisions over a 7...

2023-07-29 10:28:04 ET Intesa Sanpaolo S.p.A. (ISNPY) Q2 2023 Earnings Call Transcript July 28 2023, 09:00 AM ET Company Participants Carlo Messina - Managing Director and Chief Executive Officer Massimo Proverbio - Chief Data, AI, Innovation & Technology Officer...

2023-07-20 09:12:46 ET Summary Intesa Sanpaolo's stock price has risen over 60% since last year. Despite that, year-to-date, the bank is underperforming within the banking sector. The bank's Q2 results are expected to show a net profit of €1.9 billion, with a cost-to-income...

2023-06-02 08:48:15 ET Summary Intesa Sanpaolo S.p.A. is the biggest Italian bank with a market cap of ~$40.5 billion that offers a wide range of financial products and services. The bank's Q1 results showcase a remarkable start to the year, with record-breaking performance across...

2023-05-07 21:41:26 ET Summary In Q1, the company beats estimates with profit at €1.96 billion. Strong boost in the interest margin development, which jumps to €3.3 billion, up by 66.3%. Confirmed 70% cash payout and the CEO anticipates a higher capital distribut...

2023-05-05 18:57:05 ET Intesa Sanpaolo S.p.A. (ISNPY) Q1 2023 Earnings Conference Call May 05, 2023, 09:00 ET Company Participants Carlo Messina - MD, CEO, GM & Executive Director Conference Call Participants Antonio Reale - Bank of America Merrill Lynch ...

2023-04-30 21:46:00 ET Summary Banks may be a risky investment, as we have seen in recent months. Intesa Sanpaolo is the leading bank in Italy, a country where I see positive trends for wealth management banks. Intesa is a big dividend payer, and its de-risking activity has ma...