|Bid||0.00 x 2000000|
|Ask||0.00 x 100|
|Day's Range||1.91 - 2.01|
|52 Week Range||1.91 - 3.25|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||7.52|
|Forward Dividend & Yield||0.08 (3.93%)|
|1y Target Est||N/A|
LONDON/MILAN, Oct 8 (Reuters) - Italy's borrowing costs soared on Monday, bank stocks tumbled and the euro weakened as a war of words between Rome and the European Union over Italian budget plans escalated. As Italian bond yields jumped by as much as 30 basis points, the Italian/German 10-year bond yield gap - a closely watched measure of country risks - blew out to more than 300 bps.
A spike in Italy's bond yields has put the country's banks under renewed pressure, raising the spectre of capital shortfalls just as challenging refinancing deadlines near. Caught in the bank-sovereign "doom loop," Italian banks replaced fleeing foreign investors during the euro zone debt crisis of 2011-2012, buying up Italy's bonds.
Italy's 10-year bond yield soared to 4-1/2 year highs on Tuesday after a lawmaker said that most of the country's problems would be solved by ditching the euro, although reassuring comments from the government bought some calm to a jittery market. Claudio Borghi, economic head of the League party, on Tuesday clarified that the government had no intention of leaving the euro, dialling back earlier comments on Italy's membership of the bloc.
Intesa Sanpaolo SpA Chairman Gian Maria Gros-Pietro discusses his company's holdings of Italian sovereign debt, and expansion plans in asset management. He speaks with Bloomberg's Francine Lacqua at the ...
UniCredit SpA and Intesa Sanpaolo SpA were among five Italian banks that Fitch Ratings said could have their credit ratings cut along with that of the state, should the nation’s populist government relax its predecessor’s fiscal discipline. Mediobanca SpA, Credito Emiliano SpA and Banca Nazionale del Lavoro SpA were also given a negative outlook, down from stable, Fitch said Wednesday as it confirmed the five banks’ long- and short-term ratings for now. Fitch cut its outlook on Italy to negative on Friday.
Moody's Investors Service ("Moody's") has today affirmed the B3 long-term local currency deposit ratings of the three government-owned banks: National Bank of Egypt SAE (NBE), Banque Misr SAE ...
Italy's banks need to repay E250 billion of cheap European Central Bank loans by June 2020 - March 2021, which will result in higher refinancing costs for the nation's lenders that will weigh on their already weak profitability, says Moody's Investors Service in a report published today. Italian banks face E250 billion TLTRO refinancing challenge," is now available on www.moodys.com. Moody's subscribers can access this report via the link at the end of this press release.
David Herro, chief investment officer of international equity at Harris Associates, explains why the strong fundamentals of Intesa Sanpaolo SpA represent a buying opportunity. He speaks with Bloomberg's ...
Carlo Messina, chief executive officer at Intesa Sanpaolo, discusses plans for the firm's fund management unit Eurizon Capital. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." ...
Carlo Messina, chief executive officer at Intesa Sanpaolo, discusses Italy's economy, plans for the firm's asset management business, and second-quarter results. He speaks with Bloomberg's Francine Lacqua ...
Weakening core revenues and rising loan losses overshadowed stronger-than-expected second-quarter net profit at Italy's biggest retail bank Intesa Sanpaolo (ISP.MI), weighing on its shares. Chief Executive Carlo Messina told analysts revenue trends would improve in the second half, after the bank said it was on track to meet its midterm goals and close the year with a net profit above 3.8 billion euros (£3.4 billion). Shares in Intesa closed down 4.6 percent, making it the biggest loser on the European banking stock index (.SX7P).
MILAN (AP) — Italian bank Intesa SanPaolo Wednesday that its second-quarter profit rose by nearly 11 percent as the bank pushed into wealth management and further cut costs.
Pillarstone Italy, the debt manager set up by U.S. private equity firm KKR, said on Tuesday Germany's Melitta Group Management had bought 100 percent of Italian cling film maker Cuki. Pillarstone Italy became Cuki's main creditor after buying the packaging firm's debt from Italy's top two banks UniCredit and Intesa Sanpaolo. The acquisition of Cuki, which also owns the Domopak cling film brand, includes the refinancing of all of the firm's debt, Pillarstone Italy said in a statement, adding this was its first "exit" from an Italian transaction.
BlackRock (BLK.N) aims to buy a 30 percent stake in Intesa SanPaolo's (ISP.MI) asset management unit as it seeks greater influence over Italy's second-largest fund house, sources familiar with the matter said. BlackRock, the world's largest asset manager, is in talks with Intesa's executives and is hoping to secure control of the stake in order to play a bigger role in Eurizon's operations and its IT management, one of the sources said. "BlackRock is the natural buyer for Eurizon," he said.
This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Intesa Sanpaolo SpA (BIT:ISP)Read More...
A bad loan sale by Italy's third-largest bank Banco BPM is attracting strong interest from investors who are also keen to buy its debt collection business, two sources familiar with the matter said. Resilient demand from investors in distressed debt is an encouraging sign for Italian lenders, whose share prices came under pressure on concerns that political turmoil could slow down bad loans sales demanded by regulators. Banco BPM, born last year from the merger of Banco Popolare and Banca Popolare di Milano, has lagged larger rivals UniCredit and Intesa Sanpaolo in reducing bad debts.
Intesa SanPaolo is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, the chief executive of Italy's biggest retail bank said on Friday. Intesa Sanpaolo said in February that it would seek a partnership with a global player in asset management via the sale of a minority stake in its Eurizon unit. The Financial Times reported this week that BlackRock, the world's largest asset manager, was in talks about buying a 10 percent stake in Eurizon.