Author's note: Intesa Sanpaolo (OTCPK:IITOF)(OTCPK:ISNPY) is primarily traded on the Milan Stock Exchange under the ticker ISP:MI. I will be referring to the Italian symbol for the article unless explicitly stated. Note: Amounts are in EUR unless mentioned otherwise.
Intesa Sanpaolo is the biggest among Italian banks and one of the most important financial institutions in the whole Eurozone, with a market cap of over EUR 40 billion. In its domestic market, Intesa has 12 million customers and is the market leader in all banking services (retail, corporate and wealth management)